Vedanta Moves Supreme Court Against Adani’s ₹14,535 Crore JAL Acquisition, Claims Higher Bid Rejected
New Delhi, March 31: Vedanta Ltd has approached the Supreme Court challenging the lenders’ decision to approve Adani Group’s resolution plan for Jaiprakash Associates Ltd (JAL), stating that its...
adani group
asset acquisition
bankruptcy proceedings
cement industry
corporate debt restructuring
debt resolution
financial bid
financial creditors
hospitality industry
india
insolvency and bankruptcy code (ibc)
jaiprakash associates ltd
nclat (nationalcompanylaw appellate tribunal)
nclt (nationalcompanylawtribunal)
power industry
real estate industry
resolution plan
vedanta ltd
Anil Agarwal Claims Bid Win Was Reversed
Anil Agarwal, Chairman of Vedanta Group, stated that the company was initially declared the highest bidder for acquiring Jaiprakash Associates Ltd (JAL) through the insolvency process, but the decision was later reversed.In a social media post, Agarwal...
New Delhi, March 23 – To promote ease of doing business and reduce compliance burden, the government on Monday proposed a series of amendments to the Companies and LLP laws, including changes in CSR norms, decriminalisation of procedural defaults, flexibility in share buybacks, and relaxations...
Tribunal Upholds NCLT Order in Minority Shareholders' Plea
In a setback for Jindal Poly Films Ltd, the National Company Law Appellate Tribunal has dismissed the company’s appeal against an earlier order permitting a class action lawsuit to move forward.The ruling, delivered on February 26...
NCLAT Dismisses Jindal Poly Films Appeal, Class Action Suit by Minority Shareholders to Proceed
In a setback for Jindal Poly Films, the National Company Law Appellate Tribunal has dismissed the company’s appeal against an earlier order permitting a class action lawsuit to move forward. The...