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National Company Law Tribunal (NCLT) News

State Bank of India

30 Sep 2022

SBI moves insolvency plea against Jaiprakash Associates before NCLT

SBI claimed a total default of Rs 6,893.15 crore from Jaiprakash Associates Ltd (JAL). Several Jaypee Group companies namely Jaypee Infratech and Andhra Cement are already facing insolvency proceedings JAL said the company has divested cement plants to repay loan and it will take further steps to address concerns of its lenders.

telecom operators

26 Jul 2017

Telecom M&As mean better spectrum utilisation, services: Government

On the planned merger of Vodafone India and Idea Cellular, the minister said that the scheme of merger and approval by NCLT has not yet been submitted.

26 Jul 2017

Insolvency cases: SS Mundra says firms free to move higher courts

He also said that RBI is looking at the provisioning norms for the cases that have been or will be referred to IBC for resolution.

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