national company law appellate tribunal (nclat)

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 10 Jaypee Group founder Jaiprakash Gaur on Friday threw his support behind the Adani Group taking over his insolvent infrastructure firm JAL, saying he has full confidence in Gautam Adani's leadership to take the group forward.The statement came days after rival bidder Vedanta...

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 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...

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 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, 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 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...