Encll has approved the bid for Jaypee Infra to re-invest in debt
The National Company Law Appellate Tribunal (Enclit) on Tuesday approved the re-bid for the debt-ridden company, JP Infratech. The company’s promoter JP Group, however, was stopped from participating in the auction. For the new auction, Enclat extended the company’s solution plan period to 90 days.
Enclat has given this directive, considering the refusal of the NBCC and the Security Realty solution plans for the second race for JP Infratech. In the case of Infrastructure Leasing and Financial Services (IL & FS) case, the Enclit is ready for hearing of petitions of group auditors Deloose Haskins and Sells LLP and BSR Associates LLP. In these petitions the auditors have challenged the order of the National Company Law Tribunal.
More Stories
Nimrat Kaur: A Journey Through Indian Cinema and International Television
Nimrat Kaur is an Indian actress celebrated for her contributions to Hindi cinema and American television. She began her career...
Australia vs Scotland: Inglis’ 43-Ball Century Clinches Series Victory
In their latest T20I clash, Australia secured a commanding 70-run victory over Scotland, posting a total of 196 for 4....
Adani Energy Solutions Bags Global Sustainability Leadership Award 2023
As per Adani updates, Adani Energy Solutions Limited, the biggest wholly owned subsidiary, which is currently operating under the Adani...
India’s Holi Festival Is Bright, Colorful, and Meaningful
Travel and adventure breaks come with the arrival of spring. The Holi Festival in India promises travelers a colorful, exuberant...
Meet Bigg Boss Season 17 finalist Mannara Chopra, the actress and model who is Priyanka Chopra’s cousin:
Recently, Mannara Chopra has gained attention as a Bigg Boss 17 finalist. Many people are curious about her relationship to...
Republic Day 2024: Its Background, Importance, and Reasons for Celebration
Republic Day is observed in India on January 26 of every year. On Friday, 2024, the country will commemorate its...