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Monday, March 2, 2026

Tag: NCLT

NCLT Admits India’s First Class Action Suit Filed by Minority Shareholders

In a landmark ruling, NCLT allows minority shareholders of Jindal Poly Films to proceed with a class action over alleged governance lapses and fund siphoning.

Aakash Blocks Byju’s Rs 25 Crore Investment Over Regulatory Violations

Aakash Educational Services suspends Byju's parent company investment citing FEMA, ECB violations. Legal experts confirm regulatory breaches in funding structure.

Adani Wins $1.53 Billion Jaiprakash Associates Takeover Approval

Creditors approve Adani Enterprises' takeover bid for bankrupt Jaiprakash Associates, preferring faster payments over Vedanta's higher offer in major bankruptcy resolution.

Adani Enterprises Leads Bid for Jaiprakash Associates Insolvency

Adani's two-year payment plan beats Vedanta's five-year offer in ₹60,000 crore Jaiprakash Associates acquisition. Committee of Creditors to vote on resolution soon.

Insurance and Insolvency Reform Bills Set for Winter Session Passage

Parliament to consider 100% FDI in insurance and faster creditor-led insolvency resolution to boost investment and streamline business processes.

ED Attaches Rs 7,500 Crore Anil Ambani Group Assets in Bank Fraud Case

Enforcement Directorate attaches Rs 7,500 crore assets including Navi Mumbai land in Anil Ambani group bank fraud investigation involving Rs 40,185 crore loans.

NCLT Orders Insolvency Against Bhilai Jaypee Cement Over Rs 45 Crore

Bhilai Jaypee Cement faces insolvency as NCLT admits creditor plea for unpaid coal supplies. Company board suspended, assets protected under moratorium.