Gujarat Nre News

Companies

JSPL refutes allegations of not disclosing info on Australian mines to investors

Allegations made by Arun Kumar Jagatramka, erstwhile promoter of Gujarat NRE Coke, are incorrect and frivolous in its entirety, says JSPLJSPL says it is already into litigation with GNCL

1 min read16 Apr 2019
Companies

Gujarat NRE Coke proposes to repay ₹2,961 crore over 20-year period

Gujarat NRE Coke chairman Arun Kumar Jagatramka seeks approval of shareholders for the new scheme to repay around 2,961 crore through convertible bonds over a 20-year period

2 min read19 Jun 2018
Companies

NCLT asks Gujarat NRE Coke promoters to prepare new scheme to repay creditors

NCLT directs the official liquidator of Gujarat NRE Coke to convene a meeting of lenders on 16 July

2 min read15 May 2018
Companies

Lenders, bidders for IBC cases looks to keep employees happy

The aim of Insolvency and Bankruptcy Code is to revive the company on a going concern basis and hence, the support of employees is crucial

2 min read12 Apr 2018
Companies

Gujarat NRE chairman proposes new scheme to repay debt

Gujarat NRE Coke chairman Arun Kumar Jagatramka's latest petition on debt repayment is based on provisions in Sections 230-232 of the Companies Act

2 min read10 Apr 2018
Companies

Gujarat NRE Coke founder likely to challenge NCLT’s liquidation order

The verdict passed by the NCLT is 'absurd', says L.P. Tiwari, Arun Kumar Jagatramka's legal counsel, adding that the promoters of Gujarat NRE Coke are likely to move the appellate tribunal, challenging it

2 min read19 Jan 2018
Companies

Insolvency code: Gujarat NRE Coke CMD seeks more accountability from bankers

Gujarat NRE CMD Arun Kumar Jagatramka has criticised bankers and regulators for allowing viable companies to go into liquidation as part of the resolution plan under NCLT

1 min read16 Jan 2018
Companies

NCLT orders liquidation of Gujarat NRE Coke

Considering the appeal of around 1,200 permanent workers, the NCLT asks the liquidator to sell within three months the assets of Gujarat NRE Coke without disrupting operations

1 min read11 Jan 2018
Companies

Gujarat NRE Coke’s creditors reject lone bidder’s resolution plan

Gujarat NRE Coke may still not be ordered by the NCLT to be liquidated as the promoters are moving a higher court, seeking more time

2 min read2 Jan 2018
Companies

Gujarat NRE Coke faces liquidation as NCLT says no to deadline extension

At least four firms keen to take over Gujarat NRE Coke, but none will be able to submit binding bids within specified time frame, NCLT-appointed administrator says

2 min read21 Dec 2017
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