Direct NCLT Allahabad for early hearing on insolvency plea against JAL: ICICI Bank to NCLAT

In its plea before the appellate tribunal, ICICI Bank submitted that there has been no progress in its petition filed before the NCLT Allahabad in last nine months.

published on : 17th June 2019

NCLAT rejects early resolution of Bhushan Power & Steel

Meanwhile, one member  of the board of directors (BoD) of the company moved the Punjab and Haryana High Court alleging that the copy of the resolution plan was not served to him.

published on : 13th June 2019

Banks can vote against NBCC's Jaypee Infra bid: NCLAT

The Delhi-based appellate also directed for the completion of the ongoing voting process, which ends later in the day.

published on : 10th June 2019

IDBI Bank seeks NCLAT nod to examine fresh options

The voting on the NBCC bid began at noon on May 31 and is expected to continue for ten days until June 10.

published on : 4th June 2019

Jaypee Infra insolvency: Lenders put five conditions to NBCC for considering bid

As per NCLAT directives, lenders are negotiating with the NBCC on the latter's bid to acquire Jaypee Infratech and complete stuck housing projects comprising over 20,000 units.

published on : 29th May 2019

NCLAT reserves order on ArcelorMittal takeover of Essar Steel

During the proceedings, senior advocate Kapil Sibal appearing for Standard Chartered Bank, a secured creditor of Essar Steel, questioned the addition of working capital in the final resolution amount.

published on : 21st May 2019

NCLAT to hear online vendors' plea against CCI order on Flipkart

NCLAT has also approved the delay of 12 days in filing appeal (By the association) against the order of the Competition Commission of India (CCI).

published on : 21st May 2019

NCLAT annuls voting on NBCC bid for Jaypee

Hearing a plea by the IDBI Bank that sought a stay or annulment of the voting process, an NCLAT bench headed by chairman Justice S J Mukhopadhaya asked lenders to conduct fresh voting from May 31.

published on : 18th May 2019

NCLAT annuls lenders' voting on NBCC's bid to acquire Jaypee Infratech

Homebuyers and lenders of Jaypee Infratech on Thursday started voting on NBCC's bid to acquire Jaypee group's realty firm and complete the construction of over 20,000 flats.

published on : 17th May 2019

Post NCLAT nod, Jaypee Infratech creditors’ panel to vote this week

The NBCC’s revised bid to acquire Jaypee Infratech was expected to be discussed on May 14 by the Committee of Creditors (CoC).

published on : 15th May 2019
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