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Insolvency and Bankruptcy Code

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Business

December 15, 2024

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NCLAT Sets Aside EIH Plea Against NCLT Order Approving Sale Of Golden Jubilee Hotels

Last Updated:December 15, 2024, 16:11 IST EIH, which was managing Golden Jubilee Hotels and has 16 per cent shareholding, contended that it could not be treated as a promoter and become ‘ineligible’ to be part of the resolution plan for the hotel under Section 29A of IBC. EIH contended that Section 29A is applicable to […]

Business

December 14, 2024

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JSW gets back Rs 4k cr assets in Rs 47k cr Bhushan Steel case

NEW DELHI: In another significant action, Enforcement Directorate (ED) on Saturday said it restituted properties worth Rs 4,025 crore to JSW, a successful resolution applicant of the erstwhile Bhushan Power and Steel Ltd, under corporate insolvency resolution process of Insolvency and Bankruptcy Code.The assets were attached by ED in 2019 after a money laundering probe […]