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NCLT HEARING
Byju's Aakash endgame; Startup deal street wakes upHappy Monday! Byju's US lenders and Manipal are close to sealing a settlement over Aakash. This and more in today’s ETtech Morning Dispatch.- Byju’s-Aakash settlement talks enter final stretch ahead of NCLT hearingSettlement talks are underway between Manipal Education and Medical Group and GLAS Trust, representing Byju's US lenders, to resolve the Aa...
- SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projectsThe Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms....
- Delhi High Court issues notice in textbook delay contempt plea; Govt assures supply before summer breakThe Delhi High Court has issued notice on a contempt petition concerning the delayed supply of textbooks to students in government schools....
- Supreme Court flags NCLT delaysThe Supreme Court has taken suo motu cognisance of the grim situation at NCLT benches. Delays in approving resolution plans are causing sig...
- Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SCThe Supreme Court is pushing for a resolution for 22,000 Unitech homebuyers. The court wants suggestions from the new board, banks, and fin...
- Lavasa homebuyers file plea at NCLAT against resolutionHomebuyers of Lavasa, India's first privately built hill town, have filed a fresh appeal. They allege serious flaws in the resolution plan ...
- 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...
- SC asks NCLT to expedite call on Supertech oversight panelThe Supreme Court has directed the National Company Law Tribunal to quickly decide if a court-appointed committee is needed for Supertech's...
- Supreme Court seeks data on NCLT delays in resolution plansThe Supreme Court is addressing significant delays in approving resolution plans at the National Company Law Tribunal. It has directed the ...
- 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 was never declared highest bidder for Jaiprakash Associates: RP to NCLATJaiprakash Associates insolvency proceedings see a dispute over Vedanta's claim as highest bidder. The resolution professional told the NCL...
- Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JALThe National Company Law Appellate Tribunal (NCLAT) on Monday adjourned the hearing on Vedanta Ltd’s petitions challenging Adani Enterprise...
- NCLAT reaffirms project-specific insolvency proceedings against realty firmsThe National Company Law Appellate Tribunal has ruled that homebuyers' insolvency cases against real estate firms must focus only on the pr...
- NCLAT upholds NCLT order on distribution of funds from a resolution planThe National Company Law Appellate Tribunal has rejected a plea from five banks. They challenged fund distribution to SBI and Punjab Nation...
- JC Flowers withdraws NCLT plea against Dish TVDish TV receives a significant relief as JC Flowers Asset Reconstruction withdraws its petition. The petition was filed before the National...
- Supreme Court refuses to stay Adani’s ₹14,500 cr JAL resolution planThe Supreme Court has declined to halt Adani Group's ₹14,500-crore plan for Jaiprakash Associates. Vedanta's challenge to the resolution pl...
- NCLAT directs lower tribunal to hear Belgotex insolvency plea afreshThe National Company Law Appellate Tribunal has stepped in to challenge a lower court's ruling regarding Belgotex India, a key player in th...
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