NCLT Directs Initiation Of Insolvency Proceedings Against Jaiprakash Associates’ Subsidiary, Bhilai Jaypee Cement, For ₹45 Crore Default

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New Delhi: 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…

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Rex Airlines sale to US company – News

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Regional airline Rex has a US buyer, the announcement on Tuesday night coming more than a year after the airline that operates numerous services in Queensland entered voluntary administration. Air T — a Nasdaq-listed US aviation business that runs cargo services, an aircraft trading business and sells parts – has entered a sale and implementation…

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