Latest News on Corporate Insolvency Resolution Process
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Corporate Insolvency Resolution Process - Total results - 10
Dec 25, 2018
Patanjali renews interest in Ruchi Soya takeover as Adani Wilmar raises asset concerns of edible oil firmPatanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya's lenders to approve Adani Wilmar's Rs 6,000 crore takeover bid.
Sep 26, 2018
Videocon goes bankrupt: Bids invited for debt-ridden firm under insolvency resolution processThe corporate insolvency resolution process (CIRP) of Videocon Industries Ltd (VIL), which has debt of around Rs 20,000 crore, was commenced under the Insolvency and Bankruptcy Code (IBC) following an order by the NCLT Mumbai on 6 June 2018.
Sep 24, 2018
Revival of 45 bankrupt companies will meet 50% of lenders' claims: Insolvency and Bankruptcy Board chief MS SahooAbout 1,100 companies have been admitted in the Corporate Insolvency Resolution Process (CIRP) since the implementation of the Insolvency and Bankruptcy Code (IBC) in 2016
Sep 11, 2018
ICICI Bank files insolvency plea against Jaiprakash Associates in NCLT; matter to be heard on 17 SeptemberIf NCLT allows the plea of the ICICI bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.
Jul 27, 2018
NCLAT reserves order over Bhushan Steel's ex-promoter challenging sale of stressed firm to TatasNearly 1,700 other operational creditors of Bhushan Steel has also moved the appellate tribunal seeking to know how Tata Steel, which has committed to pay Rs 1,200 crore would pay them.
Jul 10, 2018
Ruchi Soya insolvency: Patanjali won't back out from race to acquire debt-laden company, says Acharya BalkrishnaAdani Wilmar, which sells cooking oil under the Fortune brand, and Baba Ramdev-led Patanjali are in the fray to acquire debt-ridden Ruchi Soya
Jun 22, 2018
Ruchi Soya auction: Resolution professional seeks 8-10 days to reply on issues raised by Patanjali AyurvedPatanjali group has also sought information about the parameters adopted by the RP to declare Adani Wilmar as highest bidder
Jun 14, 2018
Ruchi Soya auction: Baba Ramdev's Patanjali Ayurved gets time till 16 Jun to submit revised bidRuchi Soya in a regulatory filing on Wednesday confirmed that the CoC declared Adani Wilmar as H1 (highest) bidder and Patanjali stood as H2 (second highest)
May 18, 2018
Tatas complete acquisition of Bhushan Steel; deal helps fraud-hit PNB offset some losses from Nirav Modi scamBamnipal Steel, a wholly-owned subsidiary of Tata Steel, has completed the acquisition of a controlling stake of 72.65 percent in Bhushan Steel.
May 17, 2018
NuMetal offers Rs 37,000 cr for Essar Steel, wants second round of bids openedEssar Steel is being auctioned after the company defaulted on payment of about Rs 49,000 crore loan to lenders.