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Netherlands court threatens to sell Jet Airways assets

Thursday, August 22, 2019, 4:28 PM

The administrator of a Netherlands court, which is pursuing insolvency of grounded Jet Airways, threatened to sell off the confiscated assets of the debt-laden carrier because of non-cooperation by the CoC. A three-member bench headed by Justice SJ Mukhopadhyay has sought the lenders' response on whether they are ready to pay fees and bear costs incurred by the Dutch court administrator, Rocco Mulder.
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SC orders status quo for 2 weeks on Jaypee Group plea against NCLAT order

Friday, August 2, 2019, 2:07 PM

The Supreme Court on Friday ordered status quo for two weeks on Jaypee Group's plea against NCLAT order which allowed fresh bidding for debt-laden Jaypee Infratech. A bench of justices A M Khanwilkar and Dinesh Maheshwari ordered status quo after the apex court was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code.
 
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NCLAT dismisses contempt plea against Anil Ambani, others

Wednesday, July 24, 2019, 11:24 AM

The National Company Law Appellate Tribunal has dismissed a contempt petition filed against Reliance Group Chairman Anil Ambani and other officials by minority shareholders of tower unit Reliance Infratel, including HSBC Daisy, alleging non-payment of settlement dues. "We find no case is made out for initiation of contempt proceedings... Both the applications... are accordingly dismissed," a two-member bench led by justice SJ Mukhopadhaya said.

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