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3C INSOLVENCY
IBC: Creditors realised Rs 4 lakh cr; cases involving Rs 14 lakh cr settled in pre-admission stageIndia's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionall...- NCLAT dismisses Vedanta plea against Adani’s Jaiprakash Associates bid, upholds NCLT orderThe National Company Law Appellate Tribunal has dismissed Vedanta's challenges against Adani Enterprises' winning bid for Jaiprakash Associ...
- SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
- Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...
- Vedanta's plea indirectly challenges commercial wisdom of CoC: Adani to NCLATAdani Enterprises told NCLAT the Jaiprakash Associates resolution process followed due procedure, with evaluation metrics disclosed upfront...
- Selection process of bidder for JAL was fair, transparent & not tailor made: Lenders to NCLATLenders defended their decision to select Adani Enterprises as the successful bidder for Jaiprakash Associates, telling the NCLAT that the ...
- Vedanta questions metrics behind Adani’s winning bid for JALVedanta Group is challenging the selection of Adani Enterprises' bid for Jaiprakash Associates Ltd. Vedanta claims its offer was significan...
- Vedanta tells Supreme Court its revised Jaypee bid tops Adani offerVedanta Ltd has approached the Supreme Court challenging the rejection of its bid for Jaiprakash Associates Ltd. The mining giant claims it...
- SC junks BCCI, Riju Raveendran's plea on settlement for Byju'sThe Supreme Court has rejected appeals from the BCCI and Byju's co-founder Riju Raveendran. They sought to halt insolvency proceedings agai...
- Byju's insolvency: NCLAT sets aside BCCI and Riju Raveendran's plea for settlementAppellate tribunal NCLAT has dismissed appeals from BCCI and Riju Raveendran over Byju's settlement, upholding the NCLT's order to consider...
- Go First: Committee of Creditors now in place; approval for revival plan likely soonAccording to the source, the new resolution professional is expected to be appointed on June 12, and the lenders have suggested one name ea...
- DS Kulkarni Developers insolvency: Financial creditors to meet on July 3In September 2019, the National Company Law Tribunal (NCLT), Mumbai Bench ordered the commencement of the corporate insolvency resolution p...
- Jaypee Infra IRP files application before Supreme Court seeking extension of insolvency processIn March 2020, NBCC had got approval from the NCLT to acquire JIL.
- Jaypee insolvency case: NBCC may move Supreme Court against decision to reject its bidThe public sector firm is likely to write to Interim Resolution Professional (IRP) Anuj Jain and the Committee of Creditors (CoC), raising ...
- NCLT directs insolvency proceedings against realty firm Three C ProjectsNCLT also directed the ex-management of Three C Projects to "provide all documents in their possession
- NCLAT asks CoC to approve resolution plan for Dighi Port in 3 weeksDighi Port, which is being developed by Balaji Infra Projects in the Raigad district of Maharashtra, is going through insolvency resolution...
- 3C’s Lotus firm faces insolvency proceedings; 3500 homebuyers yet to receive flatsThis will directly affect around 3,500 buyers who are yet to get their flats in Lotus Panache (Sector 110) and Lotus Boulevard (Sector 100).
- NCLT admits bankruptcy plea against Noida-based realtor Granite GateThe buyers had approached the tribunal after the builder failed to deliver flats and refund their advance money.
- Binani Industries files application to terminate insolvency proceedings of Binani CementBinani Industries Ltd (BIL) has received an offer from the Aditya Birla group firm UltraTech to transfer its 98.43 per cent stake in BCL fo...
- Claims worth Rs 3.13 lakh crore under insolvency proceedings: Economic SurveyThe Economic Survey further said that of the 11 companies under the CIRP most are either seeking extension or have already been granted add...
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