The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-laden Jaiprakash Associates Ltd, following a default of INR450m (US$0.512m). The Cuttack bench of the NCLT issued the direction after admitting a petition filed by operational creditor Sidhgiri Holdings Pvt Ltd, which supplied coal to…
New Delhi, Oct 22 (IANS) The National Company Law Tribunal (NCLT) has ordered the start of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-laden Jaiprakash Associates Limited (JAL), for failing to pay dues of Rs 45 crore to a supplier. The Cuttack bench of the NCLT passed the order after admitting a petition…
Last Updated:October 22, 2025, 13:51 IST A two-member NCLT bench also appointed an interim resolution professional (IRP), suspending Bhilai Jaypee Cement’s board and placing it under a moratorium. Sidhgiri Holdings moved NCLT, filing a petition against Bhilai Jaypee Cement under Section 9 of the IBC. The National Company Law Tribunal (NCLT) has ordered the initiation…
New Delhi, Oct 22 (IANS) The National Company Law Tribunal (NCLT) has ordered the start of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-laden Jaiprakash Associates Limited (JAL), for failing to pay dues of Rs 45 crore to a supplier. The Cuttack bench of the NCLT passed the order after admitting a petition…
NCLT Initiates Insolvency Proceedings Against Bhilai Jaypee Cement Over ₹45 Crore Default scanx.trade Read the original article here
A bankrupt builder who persuaded a customer to pay him more than £30,000 for home improvements he never completed has been sentenced. Wayne Miller deliberately concealed his status as a bankrupt from his victim and abandoned the building project in Canterbury when it was nowhere near finished. He also promised to repay the customer for…
The National Company Law Tribunal (NCLT) has directed for initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-ridden group Jaiprakash Associates Limited, for a default of Rs 45 crore. The direction of Cuttack bench of NCLT came after it admitted a plea filed by the company’s operational creditor Sidhgiri Holdings Pvt Ltd,…
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NCLT orders insolvency proceedings against Bhilai Jaypee Cement for Rs 45 crore default. Sidhgiri Holdings filed the plea. New Delhi, Oct 22 (PTI) The National Company Law Tribunal (NCLT) has directed for initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-ridden group Jaiprakash Associates Limited, for a default of Rs 45 crore.…
Did Birmingham have to go bankrupt? The Dispatch posed this question in May, at the height of the bin strike, when rubbish lined the streets and rat catchers were doing a roaring trade. Accepted wisdom had it that the strike was a result of the city’s financial crisis, which itself was caused by actions taken…