Latest News on Insolvency Proceedings
Showing of 0 - 10 from 16 results
Insolvency Proceedings - Total results - 16
Jun 19, 2018
Patanjali seeks more information on rival Adani Group's bid on bankruptcy-bound Ruchi SoyaLast week, Ruchi Soya had in a regulatory filing confirmed that the CoC declared Adani Wilmar as H1 (highest) bidder and Patanjali stood as H2 (second highest).
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
Feb 20, 2018
ArcelorMittal, Numetal bids for Essar Steel recommended for rejectionBids by ArcelorMittal and a consortium led by Russia's VTB Group for acquiring debt-laden Essar Steel are said to have been recommended for rejection by the adviser evaluating the offers, sources privy to the development said
Feb 13, 2018
Essar Steel Insolvency: ArcelorMittal, Numetal Mauritius only bidders for bankrupt firmEssar Steel was among the initial 12 companies identified by the Reserve Bank of India (RBI) for insolvency proceedings.
Dec 20, 2017
Anil Ambani led RCom zooms nearly 36%; other Reliance group stocks also shineRCom stock zoomed 35.24 percent to close at Rs 17.27 on BSE helped by fag-end buying. During the day, it rose sharply by 44.94 percent to Rs 18.51
Dec 01, 2017
Reliance Communications claims all 31 lenders oppose China Development Bank's insolvency pleaReliance Communications is currently undergoing strategic debt restructuring, which entails bankers taking majority control of the company, and has time till December next year for sorting out the debt-related difficulties.
Nov 23, 2017
Insolvency ordinance: Essar Steel, Bhushan Steel, Lanco Infra say not 'wilful defaulters'The ordinance that comes as a blow to defaulting promoters seeking to reclaim their firms that are under insolvency proceedings, aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of the IBC
Sep 15, 2017
Jaypee's home buyers Vs creditors: Will the insolvency resolution professionals do a balancing act?The IRP will need to carefully study the impact of the final resolution act that will structurally impact the industry as well as other sectors too
Sep 06, 2017
Jaypee Infratech insolvency case: Supreme Court is walking a tight rope as home buyers enter the frayReal estate companies should be treated as an exemption on Section 53 of the bankruptcy code and home-buyers should be given some higher priority in repayments