NCLAT adjourns multiple insolvency appeals involving Yes Bank and real estate companies to July 8, 2026 for detailed hearing.
Counsel for Ideal Real Estate companies claims Yes Bank plans to sell debt to ARCs, jeopardizing settlement efforts.
Yes Bank's counsel denies any proposal to assign debt to ARCs and states previous settlement proposals were rejected.
Three real estate companies belong to same group, with two already under Corporate Insolvency Resolution Process (CIRP).