corporate insolvency resolution process (cirp)

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 30 Providing partial relief to NCR-based realty firm Vatika, the NCLAT has restricted the insolvency proceedings against it to a specific Gurgaon-based project, Project Aspirations.Modifying the order passed by the National Company Law Tribunal (NCLT), the appellate tribunal...

The Lok Sabha has taken up the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, for consideration and passage. Union Finance Minister Nirmala Sitharaman introduced the Bill, which aims to further amend the Insolvency and Bankruptcy Code of 2016. The Bill seeks to address procedural delays...

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 – In a new affidavit filed before the Supreme Court, industrialist Anil D. Ambani has proposed the formation of a lenders' committee to determine the actual outstanding debts owed by Reliance Communications (RCOM) and its group entities, along with a detailed plan for...

New Delhi, March 17 The National Company Law Tribunal (NCLT) approved Adani Enterprises Ltd.'s ₹14,535 crore bid to acquire Jaiprakash Associates Ltd. through the insolvency process on Tuesday.In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the NCLT, Allahabad bench, has...

New Delhi, March 15 The government has challenged the order passed by the NCLT, in which it approved a Rs 900 crore resolution plan by Ashdan Properties for the debt-ridden Rolta India, before the appellate tribunal NCLAT.Challenging the approved resolution plan, the centre said that only Rs...

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...

New Delhi, February 13 In a landmark decision, the Supreme Court on Friday ruled that the spectrum allocated to telecom service providers is not an asset subject to proceedings under the Insolvency and Bankruptcy Code.This decision will have implications for the telecommunications sector...