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...
bank insolvency
bankruptcy
corporate insolvency resolution process (cirp)
creditor haircuts
cross-border insolvency
financial distress
financial resolution
india
india economy
insolvency and bankruptcy code (ibc)
msmes (micro, small and medium enterprises)
nationalcompanylawtribunal (nclt)
nclat
prepackaged insolvency resolution process
rajya sabha
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...
adani group
cement manufacturing
committee of creditors (coc)
corporate insolvency resolution process (cirp)
delhi
engineering and construction
hospitality
india
insolvency and bankruptcy code (ibc)
jaiprakash associates ltd (jal)
nationalcompanylaw appellate tribunal (nclat)
nationalcompanylawtribunal (nclt)
power
real estate
resolution plan
supreme court of india
vedanta ltd
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 25 Members of the opposition in the Lok Sabha criticized the Insolvency and Bankruptcy Code (IBC) on Wednesday, arguing that it has failed to deliver timely resolutions due to the limited capacity of the tribunals, which are overburdened with cases. The BJP defended the 2016 law...
banking system
bankruptcy resolution
companylaw
corporate finance
creditor accountability
financial recovery
government policy
ibc amendments
india
insolvency and bankruptcy code
liquidation
lok sabha
nationalcompanylawtribunal (nclt)
opposition criticism
resolution processes
New Delhi, March 25 The Insolvency and Bankruptcy Code has failed to achieve its intended purpose, as tribunals with limited capacity have been unable to ensure timely resolution of matters, opposition members said in the Lok Sabha on Wednesday.Participating in the debate on the Insolvency and...
asset recovery
bankruptcy
corporate insolvency
creditor recovery
financial law
government policy
india
insolvency and bankruptcy code
legal disputes
liquidation
lok sabha
nationalcompanylawtribunal (nclt)
resolution process
select committee
tribunal 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...
adani group
cement manufacturing
committee of creditors (coc)
corporate insolvency resolution process (cirp)
debt resolution
engineering & construction
financial distress
insolvency and bankruptcy code (ibc)
jaiprakash associates ltd (jal)
jaypee greens
jaypee international sports city
nationalcompanylaw appellate tribunal (nclat)
nationalcompanylawtribunal (nclt)
power
real estate
resolution plan
vedanta group
Amaravati, March 20 – Y. S. Vijayalakshmi, the late former Andhra Pradesh Chief Minister Y. S. Rajasekhara Reddy’s wife, clarified that no formal division of family assets has ever taken place and stated that her son, Y.S. Jagan Mohan Reddy, had been unfair to his sister, Y.S. Sharmila, and her...
andhra pradesh
asset dispute
family assets
family inheritance
legal dispute
mou (memorandum of understanding)
nationalcompanylawtribunal (nclt)
political dispute
property division
saraswati cement
y. s. jagan mohan reddy
y. s. rajasekhara reddy
y. s. sharmila
y. s. vijayalakshmi
yelahanka
ysr congress party
Amaravati, March 20 Amid property disputes between YSRCP chief YS Jagan Mohan Reddy and his estranged sister YS Sharmila, their mother Vijayamma released a notarized statement on Friday, alleging that her son, the former CM, had unfairly treated his sister's children.The YSRCP strongly...
New Delhi, March 19 The CBI questioned industrialist Anil Ambani for nearly eight hours on Thursday in connection with a Rs 2,929-crore fraud case, registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.In a separate case, the CBI...
anil ambani
asset recovery
central bureau of investigation (cbi)
corporate finance
criminal conspiracy
delhi
financial fraud
fraud investigation
india
investigation
legal proceedings
nationalcompanylawtribunal (nclt)
reliance commercial finance ltd
reliance communications ltd
reliance home finance ltd
state bank of india (sbi)
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...
ashdan properties
corporate insolvency resolution process (cirp)
debt resolution
department of telecommunications (dot)
financial creditors
government appeal
india
indian insolvency and bankruptcy code (ibc)
license fee
nationalcompanylaw appellate tribunal (nclat)
nationalcompanylawtribunal (nclt)
operational creditor
resolution plan
rolta india
telecommunications
New Delhi, March 10 The Supreme Court on Tuesday dismissed a batch of appeals filed by minority shareholders of Bharti Telecom Limited (BTL), upholding the company's decision to reduce its share capital and ease out individual investors.A bench of Justices Sanjay Kumar and K Vinod Chandran...
New Delhi, March 9 Flipkart, which is set to go public, has shifted its domicile to India, having secured government approval for an internal restructuring that now makes Flipkart Internet the holding entity of the Group.The e-commerce giant, backed by Walmart, said it looks forward to the...
Mumbai, February 21 Shiv Sena (UBT) leader Sanjay Raut said on Saturday that Maharashtra Minister Dada Bhuse withdrew a defamation case filed against him after he expressed regret before a court in Nashik, stating that his allegation of corruption was based on "incorrect information".The two...
Mumbai, February 21 Shiv Sena (UBT) leader Sanjay Raut said on Saturday that Maharashtra minister Dada Bhuse withdrew a defamation case filed against him after he expressed regret before a court in Nashik, stating that his allegation of corruption was based on "incorrect information".The two...
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 16 Shares of Kwality Wall's India Ltd (KWIL) had a lackluster market debut on Monday, listing at a 26 per cent discount to the indicative price after the demerger of the ice cream business from Hindustan Unilever Ltd.The stock listed at ₹29.80 per share, down 25.87 per cent...