NCLAT upholds NCLT decision against Jaiprakash Associates’ scheme of arrangement, ET LegalWorld
On December 6, The National Company Law Appellate Tribunal held that the events leading to the filing and admission of the Section 7 application against Jaiprakash Associates Limited were relevant factors that weighed with the National Company Law Tribunal for not approving the Scheme of Arrangement between Jaiprakash Associates Limited, Jaypee Infrastructure Development Limited, and […]
NCLAT junks Jaiprakash Associates’ plea against insolvency, Legal News, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) on Friday rejected Jaiprakash Associates Ltd’s petition challenging the insolvency proceedings initiated against the company. While upholding an earlier order, the appellate tribunal NCLAT observed mere pending of loan restructuring arrangement with the lender before NCLT does not debar the creditors to file insolvency proceedings under section 7 […]
NCLAT reserves order in Jaiprakash Associates’ appeal, Legal News, ET LegalWorld
National Company Law Appellate Tribunal (NCLAT), on Monday, reserved its order in Jaiprakash Associates Ltd’s (JAL) appeal against NCLT’s order of admitting it into insolvency. National Company Law Tribunal (NCLT) Allahabad passed an insolvency admission order earlier this year on ICICI bank’s plea, holding the construction and infrastructure company to have defaulted on payments amounting […]