The Kalrock-Jalan consortium, whose proposal got the NCLT nod, hopes to restart Jet Airways as a full service airline with 25-30 aircraft
With Jaypee in its kitty, Suraksha will get highly visible assets such as the Noida-Agra Expressway and the land bank around the expressway, and 730-bed hospitals in Noida and Bulandshahr
The NCLAT termed the plea "premature", given that it approached the appellate tribunal without getting a decision on its petition filed before the Mumbai Bench of the NCLT
It's a photo finish with Suraksha getting 98.66% votes, while NBCC gets 98.54%
The Mumbai Bench of the NCLT approved Piramal Group's resolution plan for the beleaguered DHFL on June 7.
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The airline suspended operations in April 2019 and is under insolvency for nearly two years
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Twinstar had offered to pay Rs 2,962 crore to the lenders of Videocon Industries which was saddled with debt of Rs 46,000 crore
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While its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT
The Kalrock - Jalan consortium, who are successful resolution applicants of Jet Airways, said they were under the impression that slots and traffic rights held by Jet will revert to it
Lenders who have run up Rs 7,700 cr bad loans will call for fresh bids
NCLAT clarified that such appeals should not come in the way of the NCLT deciding on the approval of the resolution plan given by the Piramal Group which has already been approved by the lenders.