New Delhi: Adani Group’s resolution plan for Jaiprakash Associates Limited (JAL) has received approval from the National Company Law Appellate Tribunal (NCLAT), which dismissed Vedanta’s appeal challenging the process. A Bench comprising Chairperson Justice (Retd.) Ashok Bhushan and Technical Member Barun Mitra upheld the earlier order of the National Company Law Tribunal (NCLT), and said…
The CIRP was initiated through an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 made by Beacon Trusteeship Limited. In the course of resolution proceedings three potential resolution applicants put forward their resolutions and of these, the one proposed by Mantra Properties secured the maximum votes. But in the first voting process…
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REVEALED: Liquidator appointments for businesses in the Tablelands council area for May 4 The Cairns Post Read the original article here
The National Company Law Appellate Tribunal (NCLAT) has rejected Vedanta Ltd’s plea seeking to halt the implementation of Adani Enterprises’ resolution plan for Jaiprakash Associates Ltd (JAL), paving the way for the Adani Group’s acquisition process to continue. A bench led by NCLAT Chairperson Justice Ashok Bhushan dismissed the appeals filed by Vedanta, which had…
NCLAT upholds Adani bid, dismisses Vedanta plea in Jaypee insolvency case New Delhi [India], May 4 (ANI): The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Vedanta in connection with the ongoing insolvency proceedings of Jaiprakash Associates Limited (JAL), bringing closure to a prolonged legal contest over the resolution process. While…
The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed two petitions filed by Vedanta Ltd, which had challenged the selection of Adani Enterprises’ resolution plan for debt-laden Jaiprakash Associates Ltd (JAL).A two-member bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra held that no grounds had been made out to interfere with the…
New Delhi [India], May 4 : The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Vedanta in connection with the ongoing insolvency proceedings of Jaiprakash Associates Limited (JAL), bringing closure to a prolonged legal contest over the resolution process. While pronouncing its judgment, the appellate tribunal observed that it did not…
DALLAS, TX — The bright yellow planes that once defined budget travel in America are now permanently grounded. At 1:08 a.m. local time Saturday, May 2, 2026, Spirit Airlines flight NK1833 touched down at Dallas-Fort Worth International Airport from Detroit. It was the final commercial landing for a carrier that spent 34 years disrupting the…
New Delhi [India], May 4 (ANI): The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Vedanta in connection with the ongoing insolvency proceedings of Jaiprakash Associates Limited (JAL), bringing closure to a prolonged legal contest over the resolution process. While pronouncing its judgment, the appellate tribunal observed that it did not…