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NCLAT asks lenders of Jaypee Infratech to summarize their financial claims

Thursday, November 29, 2018, 7:58 PM

The National Company Law Appellate Tribunal (NCLAT) on Thursday asked all the financial creditors and the resolution professional (RP) for Jaypee Infratech to submit a summarized document on their financial claims by 20 December after which it'll decide on the matter. The appellate tribunal has also sought written submissions from each bank on what they mean by "preferential transaction".
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Surpreme Court Rejects Petition By Dalmia Group On Bid For Binani Cement

Tuesday, November 20, 2018, 9:11 AM

The SC dismissed the plea of a Dalmia Bharat Group firm challenging the NCLAT order allowing rival UltraTech Cement to acquire debt-ridden Binani Cement. A bench of justices R F Nariman and Navin Sinha upheld the NCLAT's last week order which had allowed the Aditya Birla group firm to acquire Binani Cement by approving its revised Rs.7,950.34Cr bid over an offer by Rajputana Properties.
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No provision of summer break for NCLT, NCLAT: Government

Tuesday, June 12, 2018, 8:41 AM

The government wants National Company Law Tribunals (NCLT) and National Company Law Appellate Tribunal (NCLAT) to work through the summer, without a break, to resolve the corporate insolvency cases that have been piling up. The move was sparked by the NCLAT posting a vacation notice on its website announcing a break from June 1 to July 1. The NCLTs plan a 15-day break.

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