committee of creditors (coc)

New Delhi, April 10 Jaypee Group founder Jaiprakash Gaur on Friday backed the lenders' decision to select the Adani Group as the winning bidder to acquire the assets of the bankrupt Jaiprakash Associates Ltd (JAL).In a statement, Gaur said that the committee of creditors has selected the Adani...

New Delhi, April 6 – In a setback for the Vedanta Group, the Supreme Court on Monday declined to stay the implementation of Adani Enterprises' debt resolution plan for Jaiprakash Associates Ltd., which is facing financial difficulties.A bench led by Chief Justice Surya Kant noted that the...

New Delhi, March 31 The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of an insolvency professional for two years for multiple lapses in handling the proceedings of Supertech Ltd and Nobility Estates.In its order passed on March 30, the IBBI's disciplinary...

New Delhi, March 30 – Vedanta Ltd has approached the Supreme Court seeking a stay on the National Company Law Tribunal (NCLT)'s order approving Adani Group's ₹14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL).According to information available on the top court's website, Vedanta...

New Delhi, March 29 – Anil Agarwal, a major mining figure, stated on Sunday that Vedanta had received written confirmation that it had won a bid for a Jaypee Group asset, but the decision was subsequently reversed, without providing details.In a social media post, Agarwal said that Vedanta was...

New Delhi, March 24 The National Company Law Tribunal (NCLT) on Tuesday declined to stay the Vedanta Group's appeal against the order passed by the NCLT approving Adani Group's bid of Rs 14,535 crore to acquire Jaiprakash Associates Ltd (JAL).The two-member bench of the NCLAT sought a response...

New Delhi, March 23 The National Company Law Appellate Tribunal (NCLAT) on Monday directed the Vedanta Group to make the Adani Group a party in its appeals challenging the NCLT's approval of Adani Group's bid to acquire Jaiprakash Associates Ltd (JAL) for Rs 14,535 crore.The two-member bench...

New Delhi, March 22 The Vedanta Group, a business conglomerate, has approached the National Company Law Appellate Tribunal (NCLAT), challenging the National Company Law Tribunal (NCLT)'s approval of Adani Group's bid to acquire Jaiprakash Associates Ltd for ₹14,535 crore.The Vedanta Group, led...

New Delhi, February 27 The Supreme Court on Friday said that the Insolvency and Bankruptcy Code (IBC), 2016, represents a conscious legislative choice to prioritize speed, certainty, and creditor-driven decision-making over "exhaustive" judicial scrutiny.The court said that experience shows...