Thu, Nov 15 2018. 11 13 AM IST
At the root of the dispute is a decision by Binani Cement’s committee of creditors to consider an improved bid from UltraTech after Rajputana Properties’ ₹6,930 crore bid was declared the highest bidder and filed with the Kolkata bench of the bankruptcy court for its approval.
Thu, Nov 15 2018. 05 16 AM IST
Lenders would be better off demanding that Liberty House honour payments rather than setting a precedent that allows successful bidders to renege on their commitments
Thu, Nov 15 2018. 02 21 AM IST
Vishal Jain, the resolution professional for Sterling SEZ and Sterling International, has told the NCLT that it would be impossible to proceed with the resolution process without the assets
Wed, Nov 14 2018. 10 46 PM IST
The sale of Prayagraj Power to Tata Power-backed Resurgent Power marks the first such transaction in the power generation space outside the insolvency framework
Wed, Nov 14 2018. 12 23 PM IST
NCLAT’s decision in the UltraTech-Binani Cement case can have a bearing on the Essar Steel case, where lenders have chosen ArcelorMittal as the highest bidder
Wed, Nov 14 2018. 12 57 AM IST
Shree Digvijay Cement will be True North’s third acquisition in the construction space after RDC Concrete and Robo Silicon
Tue, Nov 13 2018. 06 59 PM IST
Tata Steel attributed the surge in Q2 profit to better sales in the automotive and industrial product segments on the back of stronger steel prices in a traditionally weak quarter
Tue, Nov 13 2018. 06 55 PM IST
28 operational creditors approached the bankruptcy court claiming settlement of their dues of over ₹380 crore
Tue, Nov 13 2018. 05 59 AM IST
Six investors of Asset Reconstruction Company of India (Arcil) have agreed to sell their stakes to Avenue Capital, says Arcil CEO Vinayak Bahuguna
Mon, Nov 12 2018. 06 27 AM IST
The government will not yield ground on its rights to issue a directive to RBI, even as it claimed that contentious issues between the two should be resolved at the RBI board meeting on 19 November
