https://www.taxtmi.com/news?id=72246 In insolvency proceedings concerning Jaiprakash Associates Limited, the Supreme Court declined to stay implementation of the resolution plan approving the Adani Group's acquisition, while requiring that any major policy decision by the monitoring committee be taken only with prior leave of the National Company Law Appellate Tribunal. The Court requested the NCLAT to hear the competing appeals and counterclaims on an out-of-turn basis at the earliest, noting that the matter was already listed for final hearing and that the interests of the objecting bidder were sufficiently protected for the interim stage. en-us Mon, 06 Apr 2026 17:01:03 +0530 Mon, 06 Apr 2026 17:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72246 In insolvency proceedings concerning Jaiprakash Associates Limited, the Supreme Court declined to stay implementation of the resolution plan approving the Adani Group's acquisition, while requiring that any major policy decision by the monitoring committee be taken only with prior leave of the National Company Law Appellate Tribunal. The Court requested the NCLAT to hear the competing appeals and counterclaims on an out-of-turn basis at the earliest, noting that the matter was already listed for final hearing and that the interests of the objecting bidder were sufficiently protected for the interim stage. News - Mon, 06 Apr 2026 17:01:03 +0530 https://www.taxtmi.com/news?id=72246