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NCLT replaces Resolution Professional in insolvency proceedings against Subhash Chandra barandbench.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barandbench.com Daily Mail and Mail on Sunday newspapers.
India Business News: MUMBAI/ NEW DELHI: Last May, it all started with flight suspension for just three days and "an unfortunate decision" of voluntary insolvency resolutio. ....
NCLAT starts hearing YEIDA petition against Suraksha’s bid to acquire JIL. The National Company Law Appellate Tribunal (NCLAT) is hearing a plea by Yamuna Expressway Authority (YEIDA) challenging an NCLT’s order in an insolvency resolution submitted by Suraksha Group for debt-ridden Jaypee Infratech Limited (JIL). The case involves disputes over additional compensation to farmers and the impact on construction of thousands of flats. Stay updated with the latest developments in this ongoing legal battle. ....
“The applicant (SS Infra) has proved before us that the outstanding operational debt is more than rupees one crore, which is due to the applicant by the respondent and that the respondent (Sadbhav Engineering) has defaulted in payment,” said the division bench of judicial member Shammi Khan and technical member Sameer Kakar, in its order of April 22. ....