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NCLT admits insolvency plea against Prime Focus over Rs 353 79 crore claim company fights back

NCLT admits insolvency plea against Prime Focus over Rs 353 79 crore claim company fights back

India’s NCLT has admitted an insolvency petition against Prime Focus Ltd filed by Reliance Alpha Services Pvt Ltd over a disputed Rs 353.79 crore claim. Prime Focus has challenged the move by approaching the NCLAT, arguing against the petition. The company says its VFX and post production operations continue as usual while the legal battle plays out.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Embassy Developments shares jump 51% in three days as insolvency order is overturned

Embassy Developments shares jump 51% in three days as insolvency order is overturned

Embassy Developments shares surged about 51% over three days after the NCLAT overturned an earlier order that had admitted the company into insolvency proceedings. The sharp rebound lifted its market value by more than Rs 3,293 crore, pushing market capitalisation close to Rs 9,730 crore. Investors reacted to the legal relief behind the momentum.

Summarised by Beize from a story on The Economic Times on 7 May 2026

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Adani rushes to Supreme Court with caveat as Vedanta eyes appeal in Jaypee insolvency

Adani rushes to Supreme Court with caveat as Vedanta eyes appeal in Jaypee insolvency

After getting relief from the NCLAT, Adani Group has filed a caveat in the Supreme Court in anticipation of a Vedanta challenge. The NCLAT upheld Adani’s resolution plan for debt-laden Jaiprakash Associates Ltd in the Jaypee insolvency case. The move signals Adani’s effort to prevent any surprise stay and keep the insolvency resolution on track.

Summarised by Beize from a story on The Economic Times on 6 May 2026
NCLAT overturns CCI Rs 301 6 crore penalty on Grasim and orders a fresh hearing

NCLAT overturns CCI Rs 301 6 crore penalty on Grasim and orders a fresh hearing

NCLAT has set aside the Competition Commission of India’s Rs 301.6 crore penalty on Grasim Industries, directing the CCI to conduct a fresh hearing. The tribunal said Grasim was denied a chance to argue after the CCI disagreed with its own investigation wing’s findings. The dispute relates to alleged dominance in the viscose staple fibre market.

Summarised by Beize from a story on The Economic Times on 5 May 2026
NCLAT rejects Vedanta challenge to Adani bid for Jaiprakash Associates insolvency deal

NCLAT rejects Vedanta challenge to Adani bid for Jaiprakash Associates insolvency deal

The NCLAT has dismissed Vedanta Ltd’s plea against the Gautam Adani group’s winning bid for bankrupt Jaiprakash Associates. The tribunal found Vedanta’s petitions without merit and upheld the Committee of Creditors’ ₹14,535-crore decision. Jaiprakash had entered insolvency after failing to repay bank dues exceeding ₹57,000 crore.

Summarised by Beize from a story on The Economic Times on 5 May 2026
NCLAT scraps insolvency order against Embassy Developments ending the resolution process

NCLAT scraps insolvency order against Embassy Developments ending the resolution process

The National Company Law Appellate Tribunal has set aside an earlier NCLT order that had pushed Embassy Developments into insolvency proceedings. With the appellate ruling, the corporate insolvency resolution process ends, while the firm’s projects and operations remain unaffected. The decision comes after the developer reported strong fiscal year performance and substantial pre-sales.

Summarised by Beize from a story on The Economic Times on 4 May 2026

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NCLAT seals Adani takeover of Jaiprakash Associates lenders choice stands

NCLAT seals Adani takeover of Jaiprakash Associates lenders choice stands

The National Company Law Appellate Tribunal has upheld the National Company Law Tribunal’s ruling approving the Adani Group as the selected buyer for Jaiprakash Associates Ltd. NCLAT found no grounds to overturn the original decision and emphasized that lenders’ selection was based on commercial wisdom, keeping the deal on track.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Adani tells NCLAT lenders back Jeetpakash process not judgeable wisdom as Vedanta counters

Adani tells NCLAT lenders back Jeetpakash process not judgeable wisdom as Vedanta counters

Adani Enterprises has told the NCLAT that the Jaiprakash Associates resolution followed due process, with evaluation metrics disclosed upfront and accepted by bidders. It opposed Vedanta’s late addendum, warning it could undermine process integrity. Adani also argued lender decisions represent commercial wisdom beyond judicial review, as the dispute remains pending before the tribunal.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Lenders tell NCLAT JAL bidder selection was fair not tailor made rejecting Vedanta late offer

Lenders tell NCLAT JAL bidder selection was fair not tailor made rejecting Vedanta late offer

Lenders defending the Jaiprakash Associates bid process before the NCLAT say selecting Adani Enterprises was fair and transparent. They rejected Vedanta’s late addendum offering more money, arguing it violated the pre-set bidding framework and would have prolonged delays. The hearing centers on claims that the process was tailored versus competitively handled under the original timelines and terms.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Supreme Court orders NCLAT to speed up merger of Supertech’s remaining 14 housing projects

Supreme Court orders NCLAT to speed up merger of Supertech’s remaining 14 housing projects

The Supreme Court has asked the NCLAT to quickly decide on merging debt-ridden Supertech’s remaining 14 housing projects. The plan is to move stalled construction toward completion while addressing homebuyers’ long-running grievances. NCLAT will hear all stakeholders, including land agencies and farmers, following an earlier order for NBCC to finish 16 other Supertech projects.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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NCLAT reserves judgment in Jaypee insolvency fight as Vedanta and Adani trade accusations

NCLAT reserves judgment in Jaypee insolvency fight as Vedanta and Adani trade accusations

The NCLAT has reserved its judgment in the Jaypee insolvency case after arguments from both sides. Vedanta alleged the resolution process was not transparent and the evaluation was unfair. The Resolution Professional countered that the process followed approved frameworks. Adani, declared winners, said competitive bidding enhanced value—while the tribunal waits to decide.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NCLAT adjourns Vedanta challenge to Adani bid for JAL after bench change

NCLAT adjourns Vedanta challenge to Adani bid for JAL after bench change

The NCLAT has adjourned the hearing on Vedanta Ltd’s petitions challenging Adani Enterprises’ ₹14,535-crore bid for Jaiprakash Associates Ltd. The tribunal cited a change in the bench, pushing the decision timeline further. Vedanta’s move contests the selection process as stakeholders await a fresh hearing date and next steps in the corporate battle.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NCLAT hears claim Vedanta was never declared highest bidder for Jaiprakash Associates

NCLAT hears claim Vedanta was never declared highest bidder for Jaiprakash Associates

In the insolvency case of Jaiprakash Associates, the resolution professional told the NCLAT that Vedanta was never formally declared the highest bidder. The only evidence cited was an email showing the highest financial value discovered, not an official bid award. Vedanta’s petition is being argued as lacking legal and factual backing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Lavasa homebuyers rush to NCLAT alleging flawed creditor resolution and opaque insolvency process

Lavasa homebuyers rush to NCLAT alleging flawed creditor resolution and opaque insolvency process

Lavasa homebuyers have filed a fresh appeal at NCLAT challenging a resolution plan cleared by creditors. They allege discriminatory treatment, serious flaws in how the plan was approved, and a lack of transparency in the insolvency process. Homebuyers are seeking tribunal intervention to ensure fair treatment and address the alleged injustices.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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