New Delhi, April 3 The National Company Law Appellate Tribunal (NCLAT) has rejected Raheja Developers' plea to close the insolvency resolution process against its project, Raheja Shilas, in Gurugram, after observing that the issues with flat buyers have not been resolved.It further stated that...
cirp
creditors
flat buyers
gurugram
haryana
ibc
insolvency and bankruptcy code
insolvency resolution process
national company law appellate tribunal
nclat
occupancy certificate
raheja developers
raheja shilas
real estate
sector 109
New Delhi, March 29 – Anil Agarwal, a major mining tycoon, on Sunday claimed that Vedanta had received written confirmation that it had won a bid for a Jaypee Group asset, but the decision was subsequently reversed, without elaborating on the reasons.In a social media post, Agarwal said that...
adani enterprises
bid valuation
cement manufacturing
creditors
debt recovery
gautam adani
hotel industry
india
infrastructure assets
insolvency resolution process
jaiprakash associates ltd (jal)
jaypee group
national company law appellate tribunal (nclat)
national company law tribunal (nclt)
real estate
resolution plan
vedanta
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...
bankruptcy
corporate debtors
corporate insolvency resolution process (cirp)
creditors
economic reform
finance minister
government of india
ibc
india
india economy
insolvency and bankruptcy code
legislative bill
lok sabha
nirmala sitharaman
non-performing assets (npas)
New Delhi, March 22 The National Company Law Tribunal (NCLAT) has exempted IL&FS Group companies – categorized as ‘red’ and ‘amber’ – from corporate social responsibility (CSR) obligations due to accrued interest expenses on their loans.This order will benefit approximately 50 ‘amber’ and...
New Delhi, March 20 – The Supreme Court has quashed criminal proceedings against a man from Gujarat, who was accused of abetting suicide due to alleged harassment over loan repayments, holding that simply demanding repayment of debt cannot constitute abetment.Allowing the appeal filed by...
abatement
abuse of process of law
call detail records
creditors
criminal law
criminal proceedings
debt collection
debt repayment
financial disputes
gujarat
indian penal code
legal proceedings
suicide
suicide note
supreme court of india
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...