Government operationalises amended insolvency law, sets 14-day admission deadline for NCLTOn May 26, significant updates to the insolvency law took effect, geared towards hastening the resolution of companies facing bankruptcy. T...
Jaypee Golf Club members in Noida seek clarity as Adani takeover of JAL nearsJaypee Golf Club members face uncertainty as Jaiprakash Associates' insolvency nears conclusion. Members demand clarity from the Resolution...
After NCLAT relief, Adani moves SC with caveat against possible Vedanta appeal in Jaypee insolvency caseEnterprises has filed a caveat before the Supreme Court anticipating a challenge by Vedanta against the National Company Law Appellate Trib...
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...
NCLAT reserves order in Jaypee insolvency case; Vedanta alleges flawed evaluation, Adani defends bidding processThe National Company Law Appellate Tribunal has reserved its judgment in the Jaypee insolvency case. Vedanta Group argued the resolution pr...
After 15-year wait, JAL homebuyers pin hopes on Adani plan for long-delayed homesHomebuyers who booked properties 15 years ago with Jaiprakash Associates Limited (JAL) are anticipating possession following the Supreme Co...
IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
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...
SC refuses to interfere with order allowing Adani to acquire Jaiprakash Associates in blow to VedantaThe Supreme Court of India has refused to halt Adani Enterprises' acquisition of Jaiprakash Associates, a decision impacting Vedanta Group....
Former Jaypee Infratech MD Manoj Gaur surrenders in Delhi's Tihar JailOfficials said Gaur, who had secured interim bail, surrendered on Thursday and is now lodged in Tihar Jail. Jaiprakash Power Ventures Ltd a...
Jaypee Infratech insolvency: Lenders, homebuyers ask Suraksha group to improve bidA Committee of Creditors (CoC) met on Saturday to discuss the revised bids of state-owned NBCC and Suraksha group for acquiring Jaypee Infr...
Independent directors in a fix after SC order on asset transfer in Jaiprakash Associates caseSeveral independent directors on boards of cos are now seeking legal advice to find out to what extent they can be held liable for any oper...
NBCC to rescue 30,000 Jaypee homebuyers?The Jaypee case is being seen as an acid test for the new insolvency law. Homebuyers face an uphill task of seeking their claims in the ins...
Supreme Court adjourns hearing in Jaypee Infra case to September 4Supreme Court has asked around 300 homebuyers to file the consolidated petition and to avoid the multiplication of cases.
Insolvency resolution professional rules out refund possibility for home buyers in Jaypee caseThe Allahabad bench of NCLT on August 9 classified Jaypee Infratech as insolvent on the petition filed by IDBI Bank under Section 7 of Inso...
Insolvency covers 27 Jaypee projects: Insolvency Resolution ProfessionalThe role of Jaypee Associates in the current crisis has come under the scanner. Although the current round of insolvency proceedings have b...
CCI orders probe against Jaypee Greens in Greater Noida realty projectFair trade regulator CCI has ordered a probe against realty firm Jaypee Greens for alleged violation of the competition norms in a housing ...