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BHRUGESH AMIN
Lenders approve Nazara's resolution plan to buy SmaaashNazara's resolution plan received 99% of the creditors' vote in a process which was completed earlier this week. The second bidder-a consor...- Nazara gets go-ahead for Smaaash acquisition from creditorsNazara said the committee of creditors of Smaaash Entertainment had approved its resolution plan. Resolution professional (RP) Bhrugesh Ami...
- Shree Naman gets NCLT approval to take over Radius InfraNCLT approved Shree Naman's acquisition of Radius Infra Holdings, settling 81% debt. Shree Naman's plan had 100% lenders' vote. JC Flowers ...
- India’s bumper Apple harvest; GCCs go wider to hunt talentThe iPhone has driven India’s mobile exports to over $15 billion in FY24. This and more in today’s ETtech Top 5.
- Nazara Tech, Resurgent consortium bidders for SmaaashSmaaash owes creditors led by Edelweiss ARC about Rs 452 crore. Other lenders to the company are Yes Bank, Sidbi and Mabella Investment Adv...
- Smaaash Entertainment RP gets 11 takeover bidsProspective bidders have been given time until December 23 to submit fresh resolution plans with January 2, 2024 being set as the date for ...
- Smaaash's RP invites resolution plans for a 3rd timeProspective bidders have been given time until December 23 to submit fresh resolution plans with January 2, 2024 being set as the date for ...
- Tribunal sets aside 'fraudulent' transfer of Smaaash brandThe Mumbai bench of the National Company Law Tribunal (NCLT) has invalidated the change of ownership of the "Smaaash" brand, labeling it a ...
- Resolution professional moves NCLT over Smaaash's Ownership changeIn a petition filed before the court, the RP said that Morakhia had sought to "sell, assign and transfer" the brand content and trademarks ...
- Statkraft, first MNC to buy bankrupt Indian power firmOslo-headquartered Statkraft was pitted against Biocon-backed Ampyr Energy, ReNew Power, an arm of state-owned NTPC and European renewable ...
- Statkraft's resolution for Lanco Mandakini gets NCLT nodLenders including Punjab National Bank, Canara Bank, Bank of Baroda and Axis Bank will recover ₹180 crore against the secured financial cre...
- Rajesh landmark projects goes into insolvencyIREP Credit Capital has sought to invoke the provisions of IBC for a resolution of an unresolved financial debt of nearly Rs 27 crore. The ...
- 15 companies in fray to buy gaming firm SmaashNazara Technologies, which is backed by late billionaire Rakesh Jhunjhunwala’s Rare Enterprises, and the Malpani Group that recently acquir...
- Creditors to Smaaash optimistic about recovery of duesSmaaash Entertainment Pvt Ltd (SEPL) was admitted by the Mumbai National Company Law Tribunal (NCLT) following a default of ₹292.4 crore to...
- Yes Bank's insolvency petition against Radius Infra admittedThe realty firm, as the corporate guarantor for loans raised by its operating group companies, owes nearly ₹700 cr to the bank. Radius Infr...
- NCLT admits plea against Modella Textile IndustriesInterestingly, the company has argued that it has mortgaged several properties worth around ₹906 crore in favour of the financial creditor ...
- Lenders vote for liquidation of Lanco Mandakini HydropowerLanco Mandakini Hydro Power houses two under-construction hydro power projects that are located along the banks of the Mandakini river near...
- Lenders reject Statkraft’s offer for Lanco's hydel power unitThe company is said to have offered less than ₹130 crore for the hydel power unit of Lanco, which owes about ₹1,300 crore to a group of len...
- Statkraft in advanced talks to buy Lanco Infratech’s hydel power unitThis is Statkraft’s second attempt at acquiring the company. It had conducted detailed studies of the company’s projects three years back b...
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