JAL insolvency: CCI clears Dalmia Bharat’s bid to acquire Jaiprakash Associates; other bidders include Adani, Vedanta, Jindal Power

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The Competition Commission of India (CCI) has approved Dalmia Bharat’s proposal to fully acquire the debt-laden Jaiprakash Associates Ltd (JAL), clearing a key hurdle in the latter’s ongoing insolvency process.The green light from the antitrust regulator allows Dalmia Cement (Bharat) Ltd, a wholly owned subsidiary of Dalmia Bharat Ltd, to submit its resolution plan for…

Supreme Court upholds NCLT’s decision [Read Judgement]

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The Supreme Court upheld the ruling of National Company Law Tribunal ( NCLT) that The Insolvency and Bankruptcy Code, 2016 (IBC) moratorium does not prevent the corporate debtor from voluntarily turning over leased property to the lessors if doing so is deemed unfeasible and endorsed by the Committee of Creditors (“CoC”). Sincere Securities Private Limited…

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Nocookies | Sky News Australia

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