nclat
The top court said if NBCC, whose two proposals have been rejected earlier by lenders of the defaulting Jaypee group, is not willing to submit a revised plan, then it may look for other alternatives.
SC seeks revised plan from NBCC on completing stalled Jaypee group projects
03 Sep 2019 7:18 PM

A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to NBCC and sought its reply by September 5.

NCLAT had allowed fresh bidding for the cash-strapped Jaypee Infratech but barred its promoter Jaypee Group.
SC seeks NBCC response on completing stalled Jaypee group projects
03 Sep 2019 1:18 PM

The bench posted the matter for further hearing on Thursday and extended the status quo order till then.

The grounded airline owes more than Rs 8,500 crore to lenders.
NCLAT asks Jet lenders if they would cooperate with Dutch court administrator
21 Aug 2019 3:19 PM

The NCLAT has asked to list the matter on September 4 for further hearing.

While Deloitte had stopped auditing IL&FS Group, which owes over Rs 95,000 crore to lenders and other financial institutions, by the end of FY2017-18, BSR was the statutory auditor of IL&FS Financial Services (IFIN) and resigned only in June this year-nine months after the company was sent to the bankruptcy court.
NCLAT refuses interim relief to Deloitte, BSR Associates in IL&FS case
20 Aug 2019 7:05 PM

NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter, the bench said.

The NCLAT had asked state-owned NBCC, whose bid was rejected by the CoC of Jaypee Infratech, to submit fresh resolution plan for the debt-ridden company.
NCLAT extends Jaypee Infratech insolvency period by 90 days
30 Jul 2019 3:03 PM

Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to submit bid.

Reliance Infratel, is a subsidiary of RCom, and is presently under corporate insolvency resolution process. (Photo: File | PTI)
NCLAT dismisses contempt petition against Anil Ambani over RCom payment default
23 Jul 2019 3:24 PM

A bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.

NCLAT gave operational creditors equal status as lenders in the distribution of the ArcelorMittal's bid amount among the creditors of Essar Steel.
Supreme Court orders status quo in Essar insolvency case
22 Jul 2019 11:30 AM

Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders.

In the second round of bidding, the committee of creditors (CoC) had first rejected the resolution plan of Suraksha Realty and then voted against state-owned NBCC's offer.
Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for fresh bidding
17 Jul 2019 7:00 PM

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.

The appellate tribunal had also issued notice to Resolution Professional and Royale Partners Investment Fund, directing them to file reply within two weeks.
NCLAT to hear ArcelorMittal's plea on EPC Construction on August 8
16 Jul 2019 9:02 AM

The NCLT has rejected ArcelorMittal's plea against bid of Royale Partners Investment Fund for ECIL, formerly Essar Projects India.

Dutch insolvency court administrator has agreed before the NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.
Dutch bankruptcy administrator moves NCLAT on Jet Airways matter
12 Jul 2019 12:48 PM

A consortium of 26 bankers led by SBI had approached NCLT to recover dues of over Rs 8,500 cr from Jet Airways.


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