New Delhi, April 8 The National Company Law Appellate Tribunal on Wednesday rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India, challenging the distribution of funds to dissenting financial creditors SBI and Punjab National...
committeeofcreditors
corporate insolvency resolution process
financial creditors
financial distress
india
insolvency proceedings
monitoring committee
national company law appellate tribunal
nclat
ocl iron and steel
resolution plan
section 30(2)(b)
section 30(4)
section 53(1)
state bank of india
In New Delhi, on April 6, the Supreme Court declined to block the implementation of Adani Group's ₹14,535-crore bid to acquire Jaiprakash Associates Limited (JAL), but imposed a safeguard by restraining the firm's monitoring committee from making any "major policy decisions" without prior...
adani enterprises
adani group
cement manufacturing
committeeofcreditors
corporate insolvency resolution process (cirp)
debt recovery
financial restructuring
insolvency proceedings
jaiprakash associates
national company law appellate tribunal
nclat
new delhi
real estate
resolution plan
supreme court
vedanta ltd
New Delhi, April 6 The Supreme Court on Monday refrained from interfering with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's ₹14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL).However, the bench restrained the monitoring...
adani enterprises ltd
adani group
committeeofcreditors
company acquisition
corporate law
financial disputes
india
insolvency resolution
jaiprakash associates
legal proceedings
national company law appellate tribunal
nclat
resolution plan
supreme court
vedanta ltd
New Delhi, March 10 – The Union Cabinet has given its approval for amendments to the Insolvency and Bankruptcy Code, potentially paving the way for the introduction of the IBC Amendment Bill in the ongoing parliamentary session, according to sources.The proposed legislative updates are based...
bankruptcy
committeeofcreditors
corporate law
corporate resolution
cross-border insolvency
group insolvency
india
insolvency and bankruptcy code
insolvency resolution process
ministry of corporate affairs
parliamentary committee
union cabinet