Latest News on Alok Industries
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Alok Industries - Total results - 14
Mar 04, 2019
Central Bank of India puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan duesAlok Industries and Bombay Rayon Fashions are the two other stressed assets that lender wants to get rid off.
Aug 27, 2018
Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends todayBanks are trying to come up with a resolution plan for these accounts as going to NCLT will mean large haircuts.
Aug 20, 2018
Insolvency and Bankruptcy Code: There are glaring problems and it isn't only about low valuationsValuers have a greater role to play in asset valuation rather than in share valuation.
Aug 19, 2018
Insolvency and Bankruptcy: Govt plans separate legislation for registered valuersproper valuers were the critical missing link in the process since most insolvency professionals were poorly equipped since it was a new area for them.
Jun 28, 2018
Bank officers union slams Alok Industries' lenders decision to accept offer with deep haircut of 83%Lenders to Alok Industries will have to take a deep haircut of 83% in approving RIL-JM Financial ARC's resolution plan to take over the bankrupted company
Jun 22, 2018
Majority of lenders to debt-ridden Alok Industries approve sale of textile firm to RILThe consortium of lenders, led by SBI, is claiming dues of over Rs 23,000 crore from Alok Industries.
Apr 19, 2018
Plans to revive ABG Shipyard, Alok Industries and Lanco could fail; lenders might liquidate firmsPlans to revive ABG Shipyard, Alok Industries and Lanco could fail, despite that fact that Alok received a bid from Reliance Industries (RIL).
Apr 16, 2018
Reliance Industries, JM Financial bid to acquire textile manufacturer Alok Industries rejectedReliance Industries (RIL) had bid jointly with JM Financial to acquire the debt ridden textile manufacturer Alok Industries Ltd
Apr 12, 2018
RIL, JM Financial bid jointly for debt ridden textile manufacturer Alok IndustriesReliance Industries Ltd (RIL) said on Thursday that it has bid jointly with JM Financial Asset Reconstruction Company to acquire the debt ridden textile manufacturer Alok Industries
Jan 02, 2018
Insolvency and Bankruptcy Code: An efficient mechanism for tackling NPAs but resolution professionals face challengesIntention of bringing in new insolvency law was essentially to clean up the banking mess and thereby providing a boost to the economy