Lenders said the meeting is significant in the backdrop of Dalmia Bharat’s decision not to revise its original offer of Rs6,350 crore while...

NCLAT today declined to order a status quo on the bids to maximise the offer for debt-ridden Binani Cement by the two resolution applicants...

Lenders expected to take a call today; Dalmia Bharat less likely to revise offer.

Operational creditors are allowed if their exposure is at least 10 per cent of the debt, which is not the case for Binani Cement.

Cement, which is Rs 1021 crore more than of Dalmia consortium.

The NCLT had on April 24 reserved its order on the ongoing corporate insolvency resolution process of Binani Cement.

UltraTech also contended that it will cover the interest lenders had to forgo from the day Binani Cement was admitted to bankruptcy court.

The banks have extended support to UltraTech’s bid, seeking indemnity from Binani Industries against any potential litigation by a consorti...

As many as 14 applications were made at Kolkata’s bankruptcy courts involving the resolution plan for Binani Cement, which is facing insolv...

SBI’s Hong Kong branch had given a loan to a subsidiary of Binani Cement.

The resolution plan of Dalmia Bharat IRF consortium achieved CoC approval in 233 days, which is the fastest so far for a billion-dollar tra...

Binani Cement was referred to bankruptcy court by Bank of Baroda.

The Aditya Birla Group-owned firm will offer Rs 7,200 crore for Binani even as the bankrupt firm's committee of creditors approved Dalmia-c...

Lenders went with Dalmia-led consortium's bid as it fulfilled all conditions including an approval from the CCI for the acquisition of Bina...

Benchmark BSE Sensex came down 160 points, or 0.47 per cent, to 34,186.

This will probably the first debt resolution under the bankruptcy court where lenders won't have to take any haircut on the loans outstandi...

Dalmia Cement, South India’s second largest cement maker, has raised over Rs 3,100 crore ($660 million) in debt through a consortium of ban...