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BINANI CEMENT RESOLUTION
Supreme Court rejects plea to halt Binani Cement’s resolutionDalmia Bharat’s grounds to object to UltraTech stem from an agreement under which Binani Industries signed to sell 98.4% of its stake in Bi...05 Jun, 2018, 08.23 AM IST- Have got LoI from Binani lenders to acquire it, says UltraTechThe Committee of Creditors (CoC) of Binani Cement on May 28 approved the resolution Plan submitted by UltraTech Cement, it said in a regula...30 May, 2018, 08.06 PM IST
- Lenders to meet today to decide Binani’s fateLenders said the meeting is significant in the backdrop of Dalmia Bharat’s decision not to revise its original offer of Rs6,350 crore while...28 May, 2018, 08.30 AM IST
- Dalmia Bharat alleges Ultratech acting ‘in concert’ with promoters of BinaniAs loan defaulters, the Binani promoters are themselves barred from bidding under the clause. However, both UltraTech and insolvency lawyer...10 May, 2018, 08.28 AM IST
- NCLT reserves order on Binani CementThe bench has heard all the 14 petitions except the one filed by the Resolution Professional (RP) alleging fraudulent transactions involvin...25 Apr, 2018, 07.59 AM IST
- Now no banker would think of outside settlement: Dalmia Bharat’s Singhi on SC's Binani judgementWith the Supreme Court lobbing the Binani Cement case back to the National Company Law Tribunal, Dalmia Bharat Group CEO Mahendra Singhi ca...13 Apr, 2018, 09.38 PM IST
- Dalmia Cement confident of getting nod for Binani CementLast week, the Committee of Creditors (CoC) of Binani Cement had decided to stick with the offer from Dalmia Bharat Cement for the debt-rid...08 Apr, 2018, 11.22 AM IST
- UltraTech closes in on Binani CementBinani Industries had moved the NCLAT against the resolution professional of Binani Cement, alleging that its order was not followed while ...04 Apr, 2018, 11.37 AM IST
- NCLAT allows parties to settle dispute over Binani Cement saleA two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya gave liberty to the parties, to settle the case amicably.03 Apr, 2018, 05.45 PM IST
- Binani Cement says followed processes diligently, case adjourned till March 27As many as 14 applications were made at Kolkata’s bankruptcy courts involving the resolution plan for Binani Cement, which is facing insolv...22 Mar, 2018, 11.13 PM IST
- Binani Cement RP moves court alleging Rs 2400 crore fraudulent transactionsThe RP’s application said he had appointed Haribhakti and Co LLP as a “forensic consultant” on November 21, 2017, for reviewing and identif...21 Mar, 2018, 01.37 PM IST
- UltraTech googly puts Dalmia, Binani lenders on backfootUltraTech told stock exchanges that it will issue a comfort letter to provide Rs 7,266 crore to Binani Industries to end insolvency proceed...20 Mar, 2018, 12.44 PM IST
- Binani Cement creditors pick Dalmia BharatBinani Cement was referred to bankruptcy court by Bank of Baroda.15 Mar, 2018, 08.07 AM IST
- Binani Industries approaches to NCLT over Binani Cement saleIn the plea, Binani Industries has also sought permission to interact with the bidders and financial creditors and other stakeholders of Bi...19 Feb, 2018, 07.57 PM IST
- Rakesh Jhunjhunwala, Radhakishan Damani team up as race for Binani Cement intensifiesDalmia Bharat partnered Ajay Piramal to bid for Binani Cement, while the JSW Group submitted its proposal jointly with a private equity fir...16 Jan, 2018, 11.20 AM IST
- 15 firms keen on bankrupt Binani CementThe bank has appointed Vijaykumar V Iyer as the resolution professional.21 Nov, 2017, 08.50 AM IST
- Top cement players eyeing Binani Cement assets post insolvency nod by NCLTThe deal structure will become clearer and potential suitors will firm up their strategy based on the final resolution plan approved by len...07 Aug, 2017, 05.48 PM IST
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