Latest News on Committee Of Creditors
Showing of 0 - 10 from 12 results
Committee Of Creditors - Total results - 12
Mar 29, 2019
Lenders ask NCLAT for fresh round of bidding for debt-ridden Amtek Auto as UK-based Liberty House backs outCoC led by Corporation Bank informed the NCLAT that the second highest bidder Deccan Value Investors LP is also considering to submit a revised offer
Feb 28, 2019
NCLAT directs NCLT Ahmedabad to take call on ArcelorMittal's Essar Steel bid by 8 MarchEarlier, on 29 January, NCLT Ahmedabad had rejected the debt settlement proposal put forth by the shareholders of Essar Steel saying the offer violates Section 12A of the Insolvency and Bankruptcy Code.
Jan 16, 2019
SBI plans to offload Essar Steel's bad loans worth over Rs 15,000 cr to recover dues, invites EoI from financial institutionsSBI said the resolution plan for the recovery of non-performing asset (NPA) has been approved and filed in NCLT Ahmedabad, according to which the minimum recovery to the bank is Rs 11,313.42 crore.
Jun 27, 2018
NCLAT declines to stay debt-ridden ElectroSteel's delisting under resolution planThe NCLAT is already hearing a petition filed by Renaissance Steel, challenging the Vedanta's bid for Electrosteel.
May 29, 2018
Binani Cement lenders vote in favour of UltraTech's Rs 7,960 cr offer; override CoC decision favouring Dalmia BharatUltraTech now becomes the H1 bidder, replacing Rajputana Properties - the bidding company for the Dalmia Bharat-led consortium
May 24, 2018
Cabinet approves IBC amendment: Why recognising homebuyers as financial creditors is not going to solve the messArray
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 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.