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 (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…
ANI | Updated: May 04, 2026 11:04 IST 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…
NCLAT rejects Vedanta’s challenge to approval of Adani’s resolution plan for Jaiprakash Associates Mint Read the original article here
The CoC comprised 27 members, including banks, financial institutions and a class of homebuyers. A total of 28 expressions of interest were received during the process, of which 25 prospective resolution applicants were shortlisted. Ultimately, six bidders submitted resolution plans, including Adani Enterprises Limited, Vedanta Limited, Dalmia Cement (Bharat) Limited, Jindal Power Limited, PNC Infratech…