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…
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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 28 (IANS) The Delhi High Court on Wednesday issued notice to the Central Bureau of Investigation (CBI) on a plea filed by Congress MP Karti P. Chidambaram challenging a trial court order framing charges against him in connection with the alleged Chinese visa scam case.After briefly hearing the matter, a single-judge Bench of Justice Manoj Jain issued a notice on Chidambaram’s criminal revision petition as well as on the application seeking a stay of the trial court’s proceedin…
New Delhi, Jan 23 (IANS) A Delhi High Court judge on Friday recused himself from hearing a plea filed by Congress MP Karti P. Chidambaram challenging a trial court order framing charges against him in the Chinese visa scam case, marking the third such recusal in the matter.The criminal revision petition was listed before Justice Girish Kathpalia, who declined to hear it, citing personal reasons. The development came after two other judges of the Delhi High Court — Justice Swarana Kanta Sharma …
New Delhi, Dec 23 (IANS) In a jolt to Congress Member of Parliament Karti Chidambaram, a Delhi court on Tuesday framed charges against him in the Chinese visa scam case. The Rouse Avenue Court framed charges against Chidambaram for criminal conspiracy and bribing a public servant, paving the way for a trial in the case probed by the Central Bureau of Investigation (CBI).The court also framed charges against his former chartered accountant, S. Bhaskararaman, along with other accused.One accused, …