{"id":468203,"date":"2022-02-15T10:46:12","date_gmt":"2022-02-15T05:16:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=468203"},"modified":"2022-02-15T10:46:12","modified_gmt":"2022-02-15T05:16:12","slug":"twin-stars-plea-supreme-court-asks-videocon-lenders-not-to-proceed-with-resolution-process","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/twin-stars-plea-supreme-court-asks-videocon-lenders-not-to-proceed-with-resolution-process\/","title":{"rendered":"Twin Star\u2019s plea: Supreme Court asks Videocon lenders not to proceed with resolution process"},"content":{"rendered":"<p>The Supreme Court on Monday asked the lenders of Videocon group not to proceed with the resolution process even as it sought response from various parties on an appeal by Vedanta Group\u2019s Twin Star Technologies, which has challenged the National Company Law Appellate Tribunal\u2019s order that set aside the approvals given for the company\u2019s takeover of distressed Videocon group.<\/p>\n<p>Solicitor General Tushar Mehta, who represented the committee of creditors (CoC) led by the Bank of Maharashtra, agreed to a bench headed by Chief Justice NV Ramana\u2019s suggestion that the CoC would not proceed with the process of inviting fresh bids till the next date of hearing in March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Monday asked the lenders of Videocon group not to proceed with the resolution process even as it sought response from various parties on an appeal by Vedanta Group\u2019s Twin Star Technologies, which has challenged the National Company Law Appellate Tribunal\u2019s order that set aside the approvals given for the company\u2019s takeover of distressed Videocon group. Solicitor General Tushar Mehta, who represented the committee of creditors (CoC) led by the Bank of Maharashtra, agreed to a bench headed by Chief Justice NV Ramana\u2019s suggestion that the CoC would not proceed with the process of inviting fresh bids [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-468203","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/468203","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=468203"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/468203\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=468203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=468203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=468203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}