The International Buddhist Confederation (IBC), in collaboration with the Ministry of Culture, Government of India, will organise the 2nd Global Buddhist Summit (GBS) on January 24 and 25, 2026, at Bharat Mandapam in New Delhi. The high-profile international event aims to explore Buddhist perspectives on some of the most pressing…
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Homebuyers’ RWAs Cannot Intervene in Insolvency: Supreme Court
In a significant ruling clarifying the scope of participation in insolvency proceedings, the Supreme Court has held that homebuyers’ societies and Resident Welfare Associations (RWAs) have no legal standing to intervene in insolvency cases initiated against real estate developers once a financial default is established. The verdict reinforces the limited…
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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…
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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…