[ad_1] Lenders to Jet Airways are keeping open the option of selling 11 planes of the defunct carrier, effectively pushing the airline into liquidation, as they are increasingly frustrated with the delay in executing the resolution plan.Bankers say the Jalan-Kalrock consortium's failure to pay the required amount even one-and-a-half years...
NCLAT rejects plea against approval of Alpha Corp’s bid for Earth Infrastructure, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, The National Company Law Appellate Tribunal (NCLAT) has declined the plea of a batch of homebuyers who challenged the NCLT's approval of Alpha Corp Development's bid to acquire debt-ridden realty firm Earth Infrastructure. National Company Law Tribunal (NCLT) had on June 8, 2021, approved the resolution plan...
Jalan-Kalrock, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Jalan-Kalrock consortium, winning bidder of Jet Airways, has moved the National Company Law Appellate Tribunal (NCLAT), saying provident fund and gratuity dues of Jet employees should be paid from the airline's existing cash balance and the rest from the lenders' share.On October 21, the appellate tribunal had directed...
Supreme Court to decide if PMLA overrides IBC, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court is expected to soon decide on whether the Prevention of Money Laundering Act (PMLA) overrides the Insolvency and Bankruptcy Code (IBC). The apex court will also provide its views on whether moratorium also applies to action initiated by the Enforcement Directorate (ED).Taking up an appeal filed...
Jalan-Kalrock, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Jalan-Kalrock consortium, winning bidder of Jet Airways, has moved the National Company Law Appellate Tribunal (NCLAT), saying provident fund and gratuity dues of Jet employees should be paid from the airline's existing cash balance and the rest from the lenders' share.On October 21, the appellate tribunal had directed...
Supreme Court to decide if PMLA overrides IBC, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court is expected to soon decide on whether the Prevention of Money Laundering Act (PMLA) overrides the Insolvency and Bankruptcy Code (IBC). The apex court will also provide its views on whether moratorium also applies to action initiated by the Enforcement Directorate (ED).Taking up an appeal filed...