IDBI moves Supreme Court against stay of insolvency proceedings against Jaypee Infratech – Economic Times

NEW DELHI: The Supreme Court today agreed to hear IDBI Bank’s plea seeking modification of its order staying insolvency proceedings against embattled real estate firm Jaypee Infratech on September 11. A bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and A M Khanwilkar considered the submission of the bank that staying the order…

Supreme Court To Hear IDBI’s Plea Against Stay On Jaypee Insolvency Proceedings – Outlook India

The Supreme Court has agreed to hear IDBIs plea seeking modification of its order staying the insolvency proceedings initiated against real estate firm Jaypee Infratech at the National Company Law Tribunal (NCLT), Allahabad. The apex court on Monday stayed the insolvency proceeding against the Jaypee, and issued notice to firm and others on a plea…

Ten Network administrators support sale to broadcasting giant CBS; reject claims of operating while insolvent – ABC Online

The administrators to the failed Ten Network have backed the proposed sale to the US broadcasting giant CBS as the best possible outcome for secured investors and the broadcaster’s staff. Mark Korda of the insolvency group KordaMentha has also told the ABC that delayed media reforms in Australia were not a factor in sidelining…

Supreme Court stays insolvency resolution proceedings against Jaypee Infratech – Economic Times

NEW DELHI: The Supreme Court on Monday stayed insolvency resolution proceedings against Jaypee Infratech on a plea by buyers of homes in its projects in Noida, restoring the developers original board of directors and ordering resumption of all consumer cases filed against the company and its promoters. The court issued notices to Jaypee, its parent…

Neeta Chemicals fined Rs 10L for misusing insolvency law – Times of India

The National Company Law Tribunal (NCLT) has penalised corporate defaulters for attempting to misuse the moratorium provisions under the insolvency law to escape auction of assets by lenders under the Sarfaesi (The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act. Dismissing the insolvency petition filed by Neeta Chemicals, NCLT’s Hyderabad bench…