In recent times, the National Company Law Tribunal has drawn criticism from the Supreme Court on various grounds.In Mansi Brar Fernandez v. Shubha Sharma and Anr. (2025) — a judgment which affirmed the constitutional right to shelter — the Supreme Court mandated the filling up of vacancies in NCLT and NCLAT on a “war footing” and also directed the constitution of dedicated IBC benches with additional strength. Similar admonitions were issued by the Supreme Court in State Bank of India and Ors. v. The Consor ...

Addressing the SBI Banking and Economics Conclave 2025 in Mumbai, Governor Malhotra said that the transformation of India's banking sector was made possible by a strong regulatory framework and key policy measures introduced by the RBI and the government."The SBI Chairperson was just now mentioning, as we entered, that in 2018, they were in a loss. And today they are a USD 100 billion company," he noted.He emphasized that the introduction of the These measures, he said, encouraged greater discipline among ...

Core Insights - The Competition Commission of India (CCI) has granted in-principle approval for Jindal Power's acquisition of Jaiprakash Associates Ltd (JAL) amid ongoing insolvency proceedings [1][2] - Other companies, including PNC Infratech, Adani Group, and Dalmia Bharat, have also received approval from the CCI for their proposals to acquire JAL [1][2] Company Overview - Jaiprakash Associates Ltd was admitted into the corporate insolvency resolution process (CIRP) due to a default on loan payments, with creditors claiming ₹57,185 crore [4] - The National Asset Reconstruction Company Ltd (NARCL) is the leading claimant after acquiring stressed JAL loans from a consortium of lenders [4] Assets and Operations - JAL has significant real estate projects, including Jaypee Greens in Greater Noida and Jaypee International Sports City, strategically located near the upcoming Jewar International Airport [5] - The company operates four cement plants in Madhya Pradesh and Uttar Pradesh, although these plants are currently non-operational [6] - JAL also has investments in various subsidiaries, including Jaiprakash Power Ventures Ltd and Yamuna Expressway Tolling Ltd [6]