Jaiprakash Associates Insolvency: Vedanta, Adani among others submit resolution plans for acquisition – Companies

Updated Jun 24, 2025 23:36 IST Jaiprakash Associates Insolvency (iStock) These companies have submitted resolution plans to acquire Jaiprakash Associates through an insolvency process, according to a PTI report, citing sources. Apart from these notable names, Suraksha Group acquired Jaypee Infratech, has also submitted the bid. Meanwhile, Baba Ramdev-led Patanjali Ayurved, did not submit the…

Fresh start for Planet Ark after VA exit

Planet Ark Environmental Foundation (Planet Ark) has officially exited voluntary administration today, following the unanimous approval of a Deed of Company Arrangement (DOCA) by creditors at a meeting held on 13 June. The development marks a pivotal moment in the organisation’s three-decade history, paving the way for a return to normal operations under the leadership…

NCLAT permits RP to Issue Fresh Form G and to Invite Eol from New Eligible Resolution Applicants by strictly Adhering to Time Bound CIRP Process

In a recent ruling, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) permits the Resolution Professional (RP) to issue a fresh Form G and to invite expressions of interest (EoI) from new and eligible resolution applicants by strictly adhering to the time-bound CIRP process. JM Financial Asset Reconstruction Company Ltd, the appellant,…