New Delhi, April 9 (IANS) Former Jaypee Group chairman Jaiprakash Gaur on Friday expressed confidence in the Adani Group’s takeover of Jaiprakash Associates Ltd (JAL), following “the fair and transparent process conducted by the Committee of Creditors.”“The Committee of Creditors has selected the Adani Group as the successful Resolution Applicant, and we fully respect this decision,” Gaur said in a statement.“I have every confidence that under the leadership of Gautam Adani, the lega…
Latest Jaiprakash Associates Ltd News & Updates
New Delhi, April 6 (IANS) In a setback to Vedanta Group, the Supreme Court on Monday declined to stay the implementation of Adani Enterprises’ resolution plan for debt-ridden Jaiprakash Associates Ltd.A bench, led by Chief Justice (CJI) Surya Kant, noted that the insolvency proceedings are already listed for final hearing before the National Company Law Appellate Tribunal (NCLAT) on April 10, and therefore found no reason to intervene at this stage.”In view of the fact that company appeals are n…
New Delhi, Jan 7 (IANS) The Directorate of Enforcement’s (ED) Delhi Zonal Office has provisionally attached immovable assets worth approximately Rs 400 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a money laundering probe against the Jaypee Group, an official statement said on Wednesday. The attached properties belong to M/s Jaiprakash Sewa Sanstha and M/s Page 3 Buildtech Private Limited. The action is part of an ongoing investigation int…