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AMTEK RESOLUTION PROFESSIONAL
India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...- NCLAT dismisses Deccan Value Investors’ plea against Amtek Auto resolution planAmtek Auto, which owed lenders Rs 12,700 crore, was among the first cases referred by the Reserve Bank of India to the National Company Law...
- Mortgage lenders of Amtek subsidiary approaches NCLT to protect their rightsThe appeal deals with a part of Amtek Auto’s factory land mortgaged with private lenders KKR India and L&T Finance.
- NCLT approves Deccan Value Investors' bid for Amtek AutoThe tribunal observed that the resolution plan submitted by DVI fulfils all the requirements of regulations of the corporate insolvency res...
- NCLT approves Amtek Auto resolution planA two-judge bench headed by Justice Ajay Kumar Vatsavayi passed the order, which as per the law, provides DVIL with 30 days to complete the...
- NCLAT asks Amtek Auto lenders to consider bids of Deccan Value Investors"We have not allowed the committee of creditors or resolution professional to issue fresh information memorandum or invitation calling for ...
- Special court summons Liberty House chief, 3 others in IBBI caseSummoned for wilfully breaching terms of resolution plan it offered to Amtek Auto.
- Lenders ask for fresh round of bidding for Amtek Auto at NCLATNCLAT listed the matter for next hearing on April 22 and said "CoC would not approve any other plan" in between.
- Amtek lenders seek to restart process for resolution, Liberty House cries foulThe lenders have also requested NCLT to allow them to “recommence" the process for inviting resolution plans and exclude the litigation per...
- DVI wants NCLT to cancel Metalyst resolution planUS firm says the plan is not feasible due to ‘misrepresentation of facts & no consensus’
- Cracks in Liberty House Group deal due to valuation, dues disagreementMonitoring committee will petition NCLT to seek more time to look for new takers, among other options.
- Liberty House misses deadline to pay Amtek, Adhunik lendersLiberty House had won the assets in July and was expected to pay lenders Rs 4,810 crore by October.
- Liberty House may be left out of bidding for bankrupt companiesAmtek Auto’s lenders and the insolvency professional are planning to seek NCLT’s view on Liberty House’s standing, according to two people ...
- Amtek auto subsidiary gets two bids"We have received two binding bids and both the offers are in the range of Rs 1,400 crore to Rs 1,500 crore."
- Review sought on Liberty’s eligibility for Amtek bidLenders’ move comes after company’s bid for ABG Shipyard declared ineligible.
- RP for Amtek’s subsidiaries sets rules for biddersThe three companies have combined dues of about Rs 22,300 crore.
- Liberty House, Deccan Value top bidders for AmtekThe company has received binding bids from the two entities about 10-12 days ago.
- Can a bank allow a company under insolvency to withdraw cash?In an embarrassing case, Amtek Auto managed to withdraw money from its account in IOB Hosur branch although loans taken from the bank’s Raj...
- Banks shy away from companies facing NCLT actionIBC allows resolution professionals to raise 'interim finance' during resolution process.
- Nova Scotia withdraws petition against AmtekLenders approached NCLT in Chandigarh early this week and suggested consulting firm EY.
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