NCLAT Reserves Order on Vedanta vs. Adani Insolvency Bidding Battle

The National Company Law Appellate Tribunal (NCLAT) has reserved its decision regarding Vedanta’s challenge to Adani Enterprises’ successful bid for Jaiprakash Associates Ltd (JAL). A two-member bench, led by Chairperson Ashok Bhushan and Member Technical Barun Mitra, ended its hearing after listening to arguments from all involved parties, including Vedanta, Adani Enterprises, the Resolution…

NCLAT reserves order in Jaypee insolvency case; Vedanta alleges flawed evaluation, Adani defends bidding process

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has reserved its order after hearing detailed arguments and counter-arguments in the Jaypee insolvency case, directing all parties to file written submissions within two to three days. In his counter argument on Tuesday, senior counsel Abhijeet Sinha appearing for Vedanta Group, argued that the entire resolution…

Flagship Welsh tech firm Amplyfi enters liquidation

DealsInvestment A leading firm in the Wales tech scene has entered liquidation. Amplyfi is an AI-powered market intelligence platform which was backed with more than £7 million investment from Cardiff Capital Region’s flagship fund Innovation Investment Capital and the Development Bank of Wales.  It delivered insights to businesses by connecting structured and unstructured data at…

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