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NCLAT dismisses IDBI Bank’s insolvency appeal against ZEEL

The National Company Law Appellate Tribunal (NCLAT) has dismissed IDBI Bank’s plea challenging a National Company Law Tribunal (NCLT) order that rejected the private lender’s request for insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL). NCLAT is the the appellate body for the decisions of bankruptcy court NCLT. The matter relates to an agreement signed on…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

The Shout Magazine (New Zealand)

Distribution company Hop And Vine, and an associated entity ABV Beverages, have both been put into liquidation. Christchurch-based beer, wine and cider distributor Hop and Vine, owned by Terry and Carol Mitchell, was placed into liquidation on April 2 after more than 25 years in business. ABV Beverages, jointly owned by Hop And Vine and…

Adani, Patanjali Among 26 Firms In Race To Acquire Jaiprakash Associates

New Delhi: Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings. Jaiprakash Associates, a key player in sectors like real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency…