NCLAT gives go-ahead for Indiabulls Real Estate-Embassy Group merger, ET LegalWorld
In a major relief to Indiabulls Real Estate (IBREL) and Embassy Group, the appellate tribunal NCLAT has sanctioned the scheme of amalgamation to merge both the real estate firms after setting aside the NCLT order stalling the process. “We set aside the impugned order of NCLT, Chandigarh and allow the prayer to sanction the scheme […]
NCLAT gives go-ahead to IECCL resolution, Legal News, ET LegalWorld
The NCLAT on Thursday gave a go-ahead to the insolvency resolution of IL&FS Engineering and Construction Company Limited (IECCL) and delinked it with the other listed loss-making companies of debt-ridden IL&FS. However, the National Company Law Appellate Tribunal (NCLAT) also clarified that ICICI-led consortium, which is opposing the IECCL resolution, would have the liberty to […]