Shri M. Nagaraju, Secretary of the Department of Financial Services (DFS), Ministry of Finance, chaired a quarterly review meeting with the National Asset Reconstruction Company Limited (NARCL), joined by representatives of all public sector banks. The meeting assessed NARCL’s performance for Q3 and strategic objectives for the upcoming quarter. During…
Tag: #DebtResolution
News
Vigneshwara Winding-Up Cases Shifted to NCLT
The Delhi High Court has ordered the transfer of winding-up petitions filed against Vigneshwara Developwell Pvt Ltd to the National Company Law Tribunal (NCLT). The decision aligns with the legal framework under the Companies Act, which mandates that such matters be adjudicated by NCLT. The petitions were originally filed under…
News
Vedanta Wins Rs 17,000 Cr Bid for Jaiprakash Associates
In a high-stakes battle under India’s Insolvency and Bankruptcy Code (IBC), Vedanta Group has emerged victorious with a ₹17,000 crore bid to acquire debt-laden Jaiprakash Associates Ltd (JAL), outbidding Gautam Adani’s Group. The outcome marks a significant step in the ongoing resolution of one of the country’s most prominent corporate…