Synopsis: The NCLT rejects Vedanta’s plea challenge and approves Adani Enterprises’ Rs 15,343 crore bid for insolvent Jaiprakash Associates. The Adani group to now gains massive land parcels, cement capacity, and infrastructure assets through the acquisition Jaiprakash Associates Limited (JAL), once the crown jewel of the Jaypee Group, was admitted into the Corporate Insolvency Resolution…
In January 2026, the accommodation and food services sector experienced a notable month-on-month increase in company insolvencies, rising by 9% from 205 cases in December 2025 to 223 in January. This uptick, while concerning in the short term, is set against a more favourable year-on-year backdrop. Compared with January 2025, when there were 273 insolvencies,…
Eastbourne and Hailsham gift shops close as company goes into ‘voluntary liquidation’ SussexWorld Read the original article here
The National Company Law Tribunal (NCLT), Allahabad, has approved Adani Enterprises’ over ₹15,000-crore resolution plan for bankrupt Jaiprakash Associates Ltd (JAL), rejecting Vedanta Ltd’s challenge. “Resolution plan is approved as per the details in the order,” the NCLT bench said while pronouncing the verdict. A detailed written order was not available till press time. After…
NCLT Approves Adani Enterprises’ Resolution Plan for Jaiprakash Associates scanx.trade Read the original article here
A Jersey doctor declared bankrupt nearly a decade ago has lost a court challenge to force the island’s chief enforcement officer to fund her legal fight in England. In a judgment delivered by the Royal Court, Dr Gail Cochrane failed to overturn a decision by the Viscount – the official responsible for administering bankrupt estates…
Fragmented national insolvency rules increase legal uncertainty and deter investors. Insolvency proceedings in the EU can take up to 3.5 years, and court costs can consume up to 15 per cent of the insolvency estate. cep proposes a four-pillar reform strategy, including a voluntary European ‘28th regime’ for cross-border insolvency cases The European Union aims…
The ruling also acknowledged a 43-day delay in refiling, attributed to medical circumstances. The National Company Law Appellate Tribunal (NCLAT) on Monday restored an insolvency appeal against Dilip Buildcon, a construction and infrastructure development company. A two-member bench of the NCLAT on December 12, 2025, dismissed the appeal filed by Shyamji Construction Co against Dilip…
Big blow to investors! 6,45,466 Jaiprakash Associates shareholders to lose over ₹400 crore; here’s why MSN Read the original article here
Spandex maker Lycra files for bankruptcy to cut $1.2 billion in debt Reuters Read the original article here