Maulik Vyas

  • Jaypee Infra homebuyers need to vote for both NBCC, Suraksha to ensure resolution, delivery

    Jaypee Infra homebuyers need to vote for both NBCC, Suraksha to ensure resolution, delivery

    "If homebuyers vote for one plan and lenders vote for the other then the CIRP (Corporate Insolvency Resolution Process) will definitely head for liquidation. However, if homebuyers vote for both plans with lenders voting for any one, then in that case liquidation can be avoided," said Chitranshul Sinha, Partner at legal firm Dua Associates.

    Jaypee Infra homebuyers need to vote for both NBCC, Suraksha to ensure resolution, delivery

    Jaypee Infra homebuyers need to vote for both NBCC, Suraksha to ensure resolution, delivery

    "If homebuyers vote for one plan and lenders vote for the other then the CIRP (Corporate Insolvency Resolution Process) will definitely head for liquidation. However, if homebuyers vote for both plans with lenders voting for any one, then in that case liquidation can be avoided," said Chitranshul Sinha, Partner at legal firm Dua Associates.

    NCLT admits insolvency plea against Genesis Resorts

    NCLT admits insolvency plea against Genesis Resorts

    The division bench of judicial member Bhaskara Pantula Mohan and technical member Rajesh Sharma restrained the company and its promoters from transferring, encumbering, alienating or disposing of the company’s assets. The moratorium shall be effective until completion of the insolvency resolution process or until the bench approves the resolution plan.

    Chanda Kochhar termination: HC seeks reply from RBI

    Chanda Kochhar termination: HC seeks reply from RBI

    Kochhar had on November 30 moved the Bombay HC challenging "termination" of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak Kochhar.

    JSW’s plea upheld against order on Vardhman Industries

    JSW’s plea upheld against order on Vardhman Industries

    “The company had preferred an appeal before NCLAT challenging certain portions of NCLT orders, and the judgment on the same has been pronounced on December 4, 2019, allowing the said appeal of JSW,” JSW Steel said in a notification to the stock exchanges on Thursday.

    Jaypee Infra insolvency: NBCC, Suraksha Realty place final bids

    Jaypee Infra insolvency: NBCC, Suraksha Realty place final bids

    NBCC has advanced the completion date to 42 months from 48 earlier and has also increased the land offered to lenders by 100 acres to 1,526 acres. It has also proposed to increase the concession agreement of Yamuna Expressway by 10 years. The final voting of the committee of creditors (CoC) is likely to take place on December 11.

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