resolution plan

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 9 The National Company Law Appellate Tribunal has rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India – challenging the distribution of funds to dissenting financial creditors SBI and Punjab National Bank.A...

New Delhi, April 8 The National Company Law Appellate Tribunal on Wednesday rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India, challenging the distribution of funds to dissenting financial creditors SBI and Punjab National...

In New Delhi, on April 6, the Supreme Court declined to block the implementation of Adani Group's ₹14,535-crore bid to acquire Jaiprakash Associates Limited (JAL), but imposed a safeguard by restraining the firm's monitoring committee from making any "major policy decisions" without prior...

New Delhi, April 6 The Supreme Court on Monday refrained from interfering with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's ₹14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL).However, the bench restrained the monitoring...

New Delhi, April 2 In a relief to the Delhi Metro Rail Corporation (DMRC), the appellate tribunal, NCLAT, has stated that DMRC is not bound to revive the concession agreement with Pratibha Industries Ltd (PIL) for a multi-level parking at one of its stations.Earlier, on July 30, 2024, the NCLT...

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 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 29 – Anil Agarwal, a major mining figure, stated on Sunday that Vedanta had received written confirmation that it had won a bid for a Jaypee Group asset, but the decision was subsequently reversed, without providing details.In a social media post, Agarwal said that Vedanta was...

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 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, 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 22 The Vedanta Group, a major 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...

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 16 The National Company Law Tribunal (NCLT) has appointed a two-member committee to assess the progress of construction of projects of Jaypee Infratech, controlled by the Suraksha Group, and submit a comprehensive status report to it.The Corporate Insolvency Resolution...