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Jet Airways' resolution: NCLT rejects staff unions' plea - The Hindu BusinessLine


February 22, 2021
Unions wanted to see plan to know if it protected their rights
Jet Airways employee unions’ plea to review the resolution plan submitted by Kalrock-Jalan consortium was rejected by the Mumbai Bench of NCLT on Monday. As many as five employee unions had appealed to the insolvency courts to see the resolution plan. “The respondent ( resolution professional managing Jet Airways) is duty-bound to maintain and ensure confidentiality of the resolution plan as provided under the Insolvency and Bankruptcy Board of India,” the court said in its written order, accessed by
BusinessLine.
The airline was temporarily grounded in April 2019. Later that year, it was dragged to the NCLT by its lenders over unpaid dues. The CoC and the Resolution Professional held at least four rounds of inviting interest for the debt-strapped airline. ....

Murari Lal Jalan , Bhartiya Kamgar Sena , Airways Cabin Crew Association , Staff Association , Jet Airways , National Aviators Guild , India Jet Airways Officers , Engineers Union Of Jet Airways , Mumbai Bench , Bankruptcy Board , Resolution Professional , Kalrock Capital , Murari Lal , Engineers Union , Jet Airways Cabin Crew Association , All India Jet Airways Officers , Covid 19 Pandemic , முராரி லால் ஜலான் , பாரதியா கம்கர் சேனா , வானெறிக்குழுப்பெயர் கேபின் குழுவினர் சங்கம் , ஊழியர்கள் சங்கம் , ஜெட் வானெறிக்குழுப்பெயர் , தேசிய விமானிகள் கில்ட் , இந்தியா ஜெட் வானெறிக்குழுப்பெயர் அதிகாரிகள் , பொறியாளர்கள் தொழிற்சங்கம் ஆஃப் ஜெட் வானெறிக்குழுப்பெயர் , மும்பை பெஞ்ச் ,

NCLT Delhi Rejects Resolution Plan Submitted For Housing Project In Yamuna Expressway


NCLT Delhi rejects resolution plan submitted for housing project in Yamuna Expressway
Resolution plan seems to be “totally inequitable, unjust and highly objectionable”, rules NCLT and directs liquidation of Lotus City project promoted by Three C Company
Coming to the rescue of homebuyers, the National Company Law Tribunal (NCLT) has rejected the resolution plan submitted for a housing project by Three C Company located along the Yamuna Expressway in Sector 22 A, saying that the treatment meted to them as financial creditors in the resolution plan seems to be “totally inequitable, unjust and highly objectionable as the successful resolution applicant is taking away the corporate debtor at a value which is nothing but just a pittance” and directed liquidation proceedings against Lotus City. ....

India General , Sahil Sethi , Ace Infracity Developers Pvt , National Company Law Tribunal , Ms Threec Homes Pvt Ltd , Yamuna Expressway Development Authority , C Company , Threec Company , Yamuna Expressway , Ace Infracity Developers , Corporate Debtor , Lotus City , Resolution Plan , Moneycontrol Meanwhile , Real Estate , Home Buyers , இந்தியா ஜநரல் , சாஹில் சேதி , கெலிப்புச் சிற்றெண் அகச்சிவப்பு டெவலப்பர்கள் பிரைவேட் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , யமுனா அதிவேக நெடுஞ்சாலை வளர்ச்சி அதிகாரம் , யமுனா அதிவேக நெடுஞ்சாலை , கெலிப்புச் சிற்றெண் அகச்சிவப்பு டெவலப்பர்கள் , பெருநிறுவன கடனாளி , தாமரை நகரம் , தீர்மானம் திட்டம் ,

GER - Investor in Aluminum Rheinfelden in sight - solution is emerging!


GER - Investor in Aluminum Rheinfelden in sight - solution is emerging!
For the ailing Aluminum Rheinfelden Holding, which is in the preliminary insolvency and protective shield proceedings, better times could soon dawn again. As the Oberbadische Zeitung reports, it could be that the investor who is saving has been found.
The insolvency manager Detlev Specovius is still holding back with a specific confirmation, but the information is growing that the Russian company Rusal is about to take over Aluminum Rheinfelden.
That would be great news for the entire region, because absolute specialists for high-quality cast alloys were at work in Rheinfelden, and in addition to the know-how there are a lot of patents that make the company interesting for investors. ....

Detlev Specovius , Rheinfelden Alloys , Metal Casting , உலோகம் வார்ப்பு ,