Jaiprakash Associates Insolvency: One-Time Settlement Proposal Rejected By Lenders
The NCLAT was hearing a petition filed by Sunil Kumar Sharma, a member of the suspended board of JAL, challenging an order of the Allahabad bench of the National Company Law Tribunal.
JAIPRAKASH ASSOCIATES LTD. - 532532 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors
Post-facto Intimation of First CoC Meeting. JAIPRAKASH ASSOCIATES LTD. - 532532 - Closure of Trading Window
Closure of Trading Window.
Jaiprakash Associates Insolvency: 31 Creditors Claim Nearly Rs 53,000 Crore
The National Company Law Appellate Tribunal will hear the matter on July 3. JAIPRAKASH ASSOCIATES LTD. - 532532 - Corporate Insolvency Resolution Process (CIRP)-List of Creditors
Updated List of Creditors JAIPRAKASH ASSOCIATES LTD. - 532532 - Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors
Intimation of First Meeting of Committee of Creditors JAIPRAKASH ASSOCIATES LTD. - 532532 - Corporate Insolvency Resolution Process (CIRP)-List of Creditors
List of Creditors.
Jaiprakash Associates Proposes Rs 16,200-Crore Settlement Amid Insolvency Appeal
The company's total debt, as claimed by the bankers, stands at around Rs 26,000 crore. NCLAT asks ICICI to consider OTS proposal in Jaiprakash Associates case
Insolvency appellate tribunal NCLAT has issued a notice to ICICI Bank over the plea of Jaiprakash Associates Ltd and said the private sector lender may consider the one-time settlement proposal submitted by the debt-ridden company by June 24, the next date of hearing. During the proceedings of NCLAT, JAL through its counsel submitted that it is inclined to make the entire payment within 18 weeks, if the OTS is accepted by the Bank, which was opposed by creditors alleging that the total debt is over Rs 26,000 crore. Earlier, JAL moved a one-time settlement Proposal (OTS) to creditors before the NCLT, which had a provision of an upfront amount of Rs 200 crore and the balance of about Rs 16,000 crore to be paid on or before 18 weeks from its acceptance. However, this was dismissed by the Allahabad bench of the National Company Law Tribunal (NCLT) and directed to initiate the Corporate Insolvency Resolution Process (CIRP) against JAL, which was challenged before NCLAT. In its order, a