resolution plan

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    Adani JAL Bid Under Scrutiny: Vedanta Disputes CoC Criteria

    New Delhi, April 10 – The Vedanta Group on Friday questioned the evaluation criteria used by lenders of Jaiprakash Associates Ltd (JAL) in selecting Adani Enterprises' bid of Rs 3,400 crore for the debt-ridden company.During proceedings of the National Company Law Appellate Tribunal (NCLAT)...
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    Legal Update: NCLAT Dismisses Order Requiring DMRC to Revive Parking Deal

    New Delhi, April 2 In a relief to the Delhi Metro Rail Corporation (DMRC), the appellate tribunal, NCLAT, has stated that DMRC is not bound to revive the concession agreement with Pratibha Industries Ltd (PIL) for a multi-level parking at one of its stations.Earlier, on July 30, 2024, the NCLT...
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    Supreme Court Considers Vedanta's Challenge to Jaypee Resolution

    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...
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    Vedanta vs Adani: Dispute Over Jaypee Group Asset Acquisition Intensifies

    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...
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    Vedanta Challenges Adani's Jaiprakash Acquisition in NCLAT

    Vedanta Challenges NCLT Approval of Adani’s ₹14,535 Crore Bid for Jaiprakash Associates New Delhi, March 22: The Vedanta Group has moved the National Company Law Appellate Tribunal (NCLAT), contesting the National Company Law Tribunal’s approval of Adani Enterprises Ltd’s ₹14,535 crore...
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    NCLT Appoints Two Member Committee to Review Jaypee Infratech Project Progress Under Suraksha Group

    Committee to Assess Construction Status and Address Homebuyers’ Grievances New Delhi, February 16: The National Company Law Tribunal has appointed a two member committee to assess the progress of construction of projects undertaken by Jaypee Infratech Ltd, which is currently controlled by the...
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