insolvency and bankruptcy code (ibc)

New Delhi, April 10 – The Vedanta Group on Friday questioned the evaluation criteria used by lenders of Jaiprakash Associates Ltd (JAL) in selecting Adani Enterprises' bid of Rs 3,400 crore for the debt-ridden company.During proceedings of the National Company Law Appellate Tribunal (NCLAT)...

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, April 2 The Supreme Court on Thursday overturned the bail granted to businessman Satinder Singh Bhasin in connection with a multi-crore rupee alleged "Grand Venice Mall" scam in Greater Noida, and ordered him to surrender to the jail authorities within a week.A bench comprising...

New Delhi, April 1 The opposition in the Rajya Sabha criticized the government on Wednesday for frequent amendments to the Insolvency and Bankruptcy Code, significant haircuts, alleged favoritism towards large corporate defaulters, and ongoing infrastructure issues at the NCLT, along with...

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 31 – Vedanta Ltd, owned by mining billionaire Anil Agarwal, has told the Supreme Court that its revised bid for the bankrupt Jaiprakash Associates Ltd was rejected, despite being better than Adani Group's offer.In its petition challenging the lenders' decision to accept...

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 The Enforcement Directorate has investigated 1,105 cases of bank fraud under the PMLA and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said on Monday.In the Lok Sabha, Sitharaman also said the Fugitive Economic Offenders Act...

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 – To promote ease of doing business and reduce compliance burden, the government on Monday proposed a series of amendments to the Companies and LLP laws, including changes in CSR norms, decriminalisation of procedural defaults, flexibility in share buybacks, and relaxations...

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, 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 17 Aakash Educational Services Ltd (AESL) on Tuesday told the Supreme Court that 25.7 per cent of the stake held by edtech major Byju's in Aakash shall remain secured until the disposal of a pending petition before the National Company Law Appellate Tribunal (NCLAT), Chennai...

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...