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The top court said if NBCC, whose two proposals have been rejected earlier by lenders of the defaulting Jaypee group, is not willing to submit a revised plan, then it may look for other alternatives.

SC seeks revised plan from NBCC on completing stalled Jaypee group projects

A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to NBCC and sought its reply by September 5.

03 Sep 2019 7:17 PM

NCLAT had allowed fresh bidding for the cash-strapped Jaypee Infratech but barred its promoter Jaypee Group.

SC seeks NBCC response on completing stalled Jaypee group projects

The bench posted the matter for further hearing on Thursday and extended the status quo order till then.

03 Sep 2019 1:18 PM

The grounded airline owes more than Rs 8,500 crore to lenders.

NCLAT asks Jet lenders if they would cooperate with Dutch court administrator

The NCLAT has asked to list the matter on September 4 for further hearing.

21 Aug 2019 3:19 PM

While Deloitte had stopped auditing IL&FS Group, which owes over Rs 95,000 crore to lenders and other financial institutions, by the end of FY2017-18, BSR was the statutory auditor of IL&FS Financial Services (IFIN) and resigned only in June this year-nine months after the company was sent to the bankruptcy court.

NCLAT refuses interim relief to Deloitte, BSR Associates in IL&FS case

NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter, the bench said.

20 Aug 2019 7:04 PM

The NCLAT had asked state-owned NBCC, whose bid was rejected by the CoC of Jaypee Infratech, to submit fresh resolution plan for the debt-ridden company.

NCLAT extends Jaypee Infratech insolvency period by 90 days

Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to submit bid.

30 Jul 2019 3:02 PM

Reliance Infratel, is a subsidiary of RCom, and is presently under corporate insolvency resolution process. (Photo: File | PTI)

NCLAT dismisses contempt petition against Anil Ambani over RCom payment default

A bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.

23 Jul 2019 3:23 PM

The appellate tribunal has directed to list the matter on July 29, when it is likely to pass the order on this.

Will pay creditors entire outstanding amount; complete projects in 3 yrs: Jaypee Infratech

A two-member bench asked the promoter of Jaypee Infratech to file written submissions over exclusion of time frame.

22 Jul 2019 7:56 PM

NCLAT gave operational creditors equal status as lenders in the distribution of the ArcelorMittal's bid amount among the creditors of Essar Steel.

Supreme Court orders status quo in Essar insolvency case

Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders.

22 Jul 2019 11:29 AM

In the second round of bidding, the committee of creditors (CoC) had first rejected the resolution plan of Suraksha Realty and then voted against state-owned NBCC's offer.

Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for fresh bidding

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.

17 Jul 2019 7:01 PM

NCLAT to hear ArcelorMittal's plea on EPC Construction on August 8

The NCLT has rejected ArcelorMittal's plea against bid of Royale Partners Investment Fund for ECIL, formerly Essar Projects India.

16 Jul 2019 9:01 AM

Dutch insolvency court administrator has agreed before the NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.

Dutch bankruptcy administrator moves NCLAT on Jet Airways matter

A consortium of 26 bankers led by SBI had approached NCLT to recover dues of over Rs 8,500 cr from Jet Airways.

12 Jul 2019 12:48 PM

Former promoters of Fortis Healthcare Ltd, Malvinder Singh and Shivinder Singh. (Photo: ANI)

NCLAT dismisses HDFC's insolvency plea against RHC Holding

The NCLAT had in January this year issued notices to RHC Holding and other parties and directed them to file their replies.

10 Jul 2019 12:03 PM

The NCLAT said financial creditors will get 60.7 per cent of their admitted claims of Rs 49,473 crore. The rest would go to operational creditors.

NCLAT rejects Ruia's bid to block ArcelorMittal; approves bid for Essar Steel

Essar Steel was auctioned under the new IBC to recover Rs 54,547 cr of unpaid dues of financial lenders and operational creditors.

05 Jul 2019 9:09 AM

NCLAT had earlier reserved its order over a batch of petitions against ArcelorMittal's Rs 42,000-crore takeover bid for Essar Steel.

NCLAT clears ways for takeover of Essar Steel by ArcelorMittal

Total claims of financial and operational creditors stand revised to Rs 69,192 crore.

04 Jul 2019 3:36 PM

In the voting process that concluded on June 10, majority of banks voted against NBCC's bid to acquire the debt-laden firm.

Jaypee Infratech creditors meet to take stock of insolvency process

Last week, lenders filed a petition before the NCLAT to allow them to vote against NBCC's bid in ongoing insolvency process.

20 Jun 2019 8:07 PM

Lenders have decided to seek resolution under IBC since only a conditional bid was received.

Lenders seek Jet Airways bankruptcy in last-ditch sale effort

Jet and its lenders have been searching for new investors but have failed to agree a proposal.

18 Jun 2019 8:46 AM

The counsel further alleged that JAL is creating legal hurdles in the IBC proceedings.

Direct NCLT Allahabad for early hearing on insolvency plea against JAL: ICICI Bank

A single member NCLT bench of Justice Bansi Lal Bhat directed to list ICICI Bank's plea on July 1 for hearing.

17 Jun 2019 1:18 PM

On Thursday, a committee of creditors (CoC) had decided to put on vote NBCC's bid to acquire the debt-laden realty firm. (Photo: Representational/PTI)

Jaypee Infra insolvency: Lenders move NCLAT seeking nod to vote against NBCC bid

The voting on NBCC's bid started on Friday and will continue till June 10.

01 Jun 2019 11:12 AM

The CoC will meet on May 30 to discuss NBCC's bid. (Photo: Representational/PTI)

Jaypee Infra insolvency: Lenders put 5 conditions to NBCC for considering bid

As many as 13 banks and 23,000 homebuyers have voting rights in the committee.

29 May 2019 2:13 PM

Both McDonald's and Bakshi had moved to withdraw cases filed against each other before the NCLAT to settle their dispute. (Representational Image)

NCLAT gives 4 weeks to Bakshi to settle dispute with HUDCO

The tribunal also directed Bakshi to file a report on the development by filing an affidavit in the matter before it.

28 May 2019 6:12 PM

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Shobhaa De