Dalmia Bharat not to revise bid for Binani CementNCLAT today declined to order a status quo on the bids to maximise the offer for debt-ridden Binani Cement by the two resolution applicants...
22 May, 2018, 10.03 PM IST
UltraTech offers revised bid of Rs. 7,840 crore for Binani cementLenders expected to take a call today; Dalmia Bharat less likely to revise offer.
17 May, 2018, 04.48 PM IST
Binani CoC likely to discuss UltraTech bid on May 9Cement, which is Rs 1021 crore more than of Dalmia consortium.
07 May, 2018, 08.45 PM IST
UltraTech sweetens Binani bid, raises offer to Rs 7,990 croreUltraTech also contended that it will cover the interest lenders had to forgo from the day Binani Cement was admitted to bankruptcy court.
16 Apr, 2018, 11.57 AM IST
Binani cement assets being undervalued: Creditors to Supreme CourtRajputana Properties, a subsidiary of Dalmia Bharat, also wrote to the heads of all lenders on Tuesday, requesting them not to violate the ...
11 Apr, 2018, 10.40 AM IST
Binani cement bankruptcy proceedings: Dalmia seeks CVC’s interventionIn a letter to the CVC, the New Delhi-based cement maker wanted the commission to examine the matter and pass suitable guidelines in public...
10 Apr, 2018, 03.56 PM IST
Binani lenders decide to back UltraTech if it gets SC go-aheadThe banks have extended support to UltraTech’s bid, seeking indemnity from Binani Industries against any potential litigation by a consorti...
09 Apr, 2018, 09.08 AM IST
Binani Industries to move Supreme Court with Rs 7,618 crore offer"We are moving the Supreme Court for sure. We have assurance of support from most of the lenders for this move," a Binani group spokesman t...
09 Apr, 2018, 06.14 AM IST
Binani Cement operational creditors reject Dalmia's offer to pay Rs 151-crore duesA group of OCs has already moved an intervention petition at the NCLT accusing the RP of ignoring their interest and seeking their involvem...
06 Apr, 2018, 06.26 PM IST
Dalmia trying to scuttle Binani deal: Operational creditorsDalmia Bharat is one of the bidders for Binani Cement under a court-monitored process to settle its debt crisis.
02 Apr, 2018, 09.35 AM IST
NCLT judge asks CoC to look at Binani Industries applicationThe NCLT judge contended that in the larger interest of the creditors, the CoC could give it a consideration.
27 Mar, 2018, 11.14 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 owners foiling IBC move: Dalmia CEODalmia also said that with such uncertainties, India may not be able to attract the right kind of funds — FIIs and PE Funds as such funds a...
22 Mar, 2018, 07.35 AM 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 gains 2% after lenders pick Dalmia-BainBenchmark BSE Sensex came down 160 points, or 0.47 per cent, to 34,186.
28 Feb, 2018, 03.47 PM IST
Dalmia Bharat joins hands with Piramal Bain fund to bid for BinaniVijaykumar Iyer, partner at Deloitte Touche Tohmatsu India Llp, was appointed the interim resolution professional for Binani Cement.
09 Dec, 2017, 03.23 PM IST