Times of India | Adani to acquire Jaypee fertiliser arm for Rs 1.5k cr

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Adani Ports and Special Economic Zone (APSEZ) announced it will acquire a 100 % stake in Jaypee Fertilisers & Industries Ltd (JFIL) from Jaiprakash Associates for ₹1,500 crore, under the NCLT‑approved resolution plan for Jaiprakash Associates Limited. The deal, which gives APSEZ control of JFIL—a holding company for Kanpur Fertilisers and Chemicals Ltd and its industrial land parcels—aims to strengthen the port operator’s inland logistics network in North India and supports its goal of expanding its multi‑modal logistics parks from 12 to 16 and quadrupling warehousing capacity by 2031. The acquisition is expected to be finalized by the “effective date” of the resolution plan, no later than 90 days after March 17 2026.

Read more: https://timesofindia.indiatimes.com/business/india-business/adani-to-acquire-jaypee-fertiliser-arm-for-rs-1-5k-cr/articleshow/131254761.cms

#Adani #APSEZ #JaypeeFertilisers #JaiprakashAssociates #NCLT

Adani to acquire Jaypee fertiliser arm for Rs 1.5k cr

NEW DELHI: Adani Ports and Special Economic Zone (APSEZ), on Thursday said it will acquire a 100% stake in Jaypee Fertilisers & Industries (JFIL) from Jaiprakash Associates for Rs 1,500 crore, as part of the NCLT-approved resolution plan for JAL.

The Times of India
Vikram Bhatt's upcoming horror film, Haunted – Echoes Of The Past, has been hit with a legal injunction by the NCLT just ahead of its June 12 release in India. #Bollywood #VikramBhatt #NCLT #FilmNews #LegalNotice
https://blazetrends.com/haunted-echoes-of-the-past-release-halted-by-nclt-status-quo-order-as-june-12-launch-looms/?fsp_sid=11366
Haunted – Echoes Of The Past release halted by NCLT status quo order as June 12 launch looms

The Haunted – Echoes Of The Past theatrical rollout is suddenly in jeopardy after a legal notice froze all monetization and distribution plans for the

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Times of India | Staff crunch, infrastructure hit NCLT operations, must be addressed: Supreme Court

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The Supreme Court, observing that vacancies and inadequate infrastructure have crippled the functioning of National Company Law Tribunals (NCLTs) and caused severe delays—some cases waiting up to four years—the Court took suo‑motu action and ordered urgent remedial measures. A bench of Justices J B Pardiwala and K V Viswanathan warned that without swift action the purpose of the Insolvency and Bankruptcy Code would be thwarted, noting that most tribunal staff are on temporary contracts, salaries are often unpaid, and only 28 of the sanctioned 31 judicial members and 26 of the technical members are currently posted. The Court highlighted the backlog of 363 pending resolution proposals and called for “addressing the problem on war footing” to restore the tribunals’ role in rescuing distressed companies.

Read more: https://timesofindia.indiatimes.com/india/staff-crunch-infrastructure-hit-nclt-operations-must-be-addressed-supreme-court/articleshow/130708129.cms

#SupremeCourt #NCLT #IBC #Pardiwala #Viswanathan #JBPardiwala #KVViswanathan

Staff crunch, infrastructure hit NCLT operations, must be addressed: Supreme Court | India News - The Times of India

India News: NEW DELHI: Observing that functioning of National Company Law Tribunals (NCLT) has been impaired by numerous vacancies and inadequate infrastructure —.

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