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AVIL MENEZES
Bankruptcy court admits insolvency resolution plea against four Future Group affiliatesThe bankruptcy court has admitted four Future Group companies, including Future Corporate Resources and Central Departmental Stores, under ...- Future Enterprises' creditors scrap simultaneous vote for its assetsCreditors had divided FEL's assets into three clusters - insurance, textile businesses, and other residual stakes including its investments...
- Future Enterprises gets bids for manufacturing units, insurance bizLenders had offered different parts of the company for sale after the initial attempt to sell the whole company failed to get substantial b...
- Central Bank, 10 others file bids for Future Enterprises assetsLenders had divided the company's assets into three clusters - the company's stakes in insurance ventures, textile businesses and other res...
- Future enterprises' lenders appoint PwC as sale advisorLenders have divided FEL into three clusters. The first is the company's stakes in its life and general insurance ventures with Italian par...
- Future Enterprises' lenders hope for a better future, to restart biddingFEL used to develop, own and lease retail infrastructure for Future Group. It also held the group's investments in subsidiaries and joint v...
- BC Jindal Group Co's the sole bidder for Future EnterprisesJindal's plan was the only one received by creditors till the end of business on Friday, the last date for submission of resolution plans f...
- Jindal India throws its hat in the ring for Future Enterprises by submitting debt resolution planJindal (India) has submitted a debt resolution plan for Future Enterprises under the Insolvency and Bankruptcy Code (IBC) process. The comp...
- NCLT okays Steel Strips Wheels' acquisition of AMW Autocomponent"The resolution plan so approved shall be binding on the corporate debtor (AMW Autocomponent) and its employees, members, creditors, guaran...
- Reliance Retail, BC Jindal group seek more time to conduct due diligence on Future EnterprisesFuture Enterprises' creditors were informed at a meeting on Thursday that an extension had been sought by both prospective bidders who were...
- AMW Motors admitted for insolvency as Triton fails to implement revival plan“Triton Electric Vehicle has failed to fund and implement the resolution plan and has thus contravened the resolution plan,” the division b...
- Most Future Enterprises lenders back Avil Menezes as resolution professionalThe National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL w...
- AMW lenders okay IBC plan; Triton EV to take over Bankrupt AMW Trucks assetsLenders led by IDBI Bank and Indian Overseas Bank (IOB) approved Triton's plan by near absolute majority or 99.60% but with a deep haircut ...
- Bombay HC directs CBI court to hand over documents to the liquidator of Parekh AluminexThe CBI has filed a charge sheet against Parekh Aluminex and 23 others, including its directors, for allegedly causing over Rs 292 crore to...
- NCLT approves Ebix’s revival plan for Trimax IT InfrastructureEbix Software India (ESIPL) will pay upfront Rs 75 crore to acquire the company. The company owed over Rs 1,918 crore to its lenders, inclu...
- After Yatra, Ebix sets sights on debt-hit IT firm TrimaxEbix is holding discussions with a consortium of lenders led by State Bank of India, the people said.
- Videocon case: NCLT told to pass orders in 3 weeksThe NCLT heard arguments from all parties, including Videocon’s promoter Venugopal Dhoot, and reserved its orders on January 25, after whic...
- Infotel opposes consolidation of Videocon cases at NCLTInfotel has argued that the proposed consolidation of insolvency proceedings of 14 Videocon group companies will adversely impact its right...
- SBI-led lenders take Videocon units to bankruptcy courtThe debt, nearly about Rs 13,000 crore, has been grouped into four clusters to facilitate the resolution plan. Four IRPs have also been app...
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