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Latest News on Binani Cement
Showing of 0 - 10 from 21 results
Binani Cement - Total results - 21
May 15, 2018
NCLAT directs RP to give comments only on revised bids of Binani CementThe NCLAT made the remarks while hearing an application filed by UltraTech in the Binani Cement insolvency matter.
May 03, 2018
Binani Cement insolvency: NCLT asks CoC to consider UltraTech's revised offer; Dalmia 'surprised' by orderThe NCLT bench also asked the CoC to reconsider resolution plan of Rajputana Properties Pvt Ltd (RRPL), if the Dalmia Bharat Group firm, was willing to raise its offer more than UltraTech's bid.
Apr 20, 2018
UltraTech questions resolution process, terms process of evaluating bids for Binani Cement 'fraudulent'UltraTech apprehends that it was not declared as the H1 bidder in view of the penalty imposed by the Competition Commission of India.
Apr 09, 2018
Binani Industries to move Supreme Court with Rs 7,618 cr offer, has assurance of support from most lenders, says coBinani, backed by Aditya Birla groups UltraTech Cement, has already received comfort letter for financial support.
Apr 05, 2018
Binani Cement's Committee of Creditors to stick with Rs 6,350 cr offer from Dalmia CementThe CoC did not approve the offer from its promoters Binani Industries, which is pitching for Rs 7,266 crore offer from the Aditya Birla Group firm UltraTech Cement, due to legal implications, sources said.
Mar 29, 2018
UltraTech Cements gets Competition Commission's nod to acquire Binani CementUltraTech Cement last week said it will buy loan defaulter Binani Cements stressed assets by providing Rs 7,266 crore to its parent company, Binani Industries.
Mar 27, 2018
NCLT asks lenders to consider Binani Industries application, suggests out-of-court settlementNCLT asked the CoC whether it could consider application filed by Binani Industries, the parent company of Binani Cement, for a settlement outside tribunal
Mar 21, 2018
UltraTech says some Binani Cement creditors back its $1.1 billion bid outside of bankruptcy processUltraTech said it had secured backing from some creditors of Binani Cement to buy firm for $1.1 billion outside of a bankruptcy process
Mar 19, 2018
UltraTech to pay Rs 7,266 crore for 98.43% stake in Binani Cement, seeks end to insolvency proceedingsUltraTech said in a statement that Binani Industries Ltd (BIL) - the promoter firm of Binani Cement Ltd - had approached it for arranging funds to pay-off the lenders
Jan 16, 2018
Rakesh Jhunjhunwala, Radhakishan Damani battle it out with big industry players to bid for Binani CementThe banks had claimed Rs 3,884 crore unpaid loans due on Binani Cement that included borrowings from the SBI, Canara Bank and Bank of Baroda.