{"id":434824,"date":"2021-09-08T11:28:03","date_gmt":"2021-09-08T05:58:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434824"},"modified":"2021-09-08T13:00:50","modified_gmt":"2021-09-08T07:30:50","slug":"videocon-industries-case-nclat-adjourns-hearing-stay-on-resolution-plan-to-continue-till-september-20-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/videocon-industries-case-nclat-adjourns-hearing-stay-on-resolution-plan-to-continue-till-september-20-2\/","title":{"rendered":"Videocon Industries case: NCLAT adjourns hearing; stay on resolution plan to continue till September 20"},"content":{"rendered":"<p>NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Tuesday adjourned till September 20 the hearing on a batch of petitions challenging the approval for the takeover of bankrupt-Videocon Industries by Anil Agarwal&#8217;s Twin Star Technologies. <\/p>\n<p>Through an interim order on July 19, the appellate tribunal had stayed the implementation of the resolution plan for Rs 2,962.02 crore-takeover of 13 Videocon group companies. <\/p>\n<p>The plan was approved through the corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC). <\/p>\n<p>A two-member NCLAT bench comprising Justice J K Jain and A K Mishra said the interim order would continue till the next date of hearing, that is September 20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Tuesday adjourned till September 20 the hearing on a batch of petitions challenging the approval for the takeover of bankrupt-Videocon Industries by Anil Agarwal&#8217;s Twin Star Technologies. Through an interim order on July 19, the appellate tribunal had stayed the implementation of the resolution plan for Rs 2,962.02 crore-takeover of 13 Videocon group companies. The plan was approved through the corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC). A two-member NCLAT bench comprising Justice J K Jain and A K Mishra said the interim order would continue [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-434824","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=434824"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434824\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}