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JBF PETRO BANKRUPTCY
ONGC-IOC hikes JBF Petro bid over 2-fold, but still trails GailLenders had allowed all three bidders to increase their offers after the first round. MPCI chose not to submit a revised bid, said people i...- ONGC-Indian Oil, GAIL and MCPI submit bids for bankrupt JBF PetroThree others - Reliance Industries (RIL), a consortium of HPCL-Mittal Energy and BC Jindal Group's Jindal Poly Films - which had submitted ...
- JBF Petro lenders extend deadline to get better valuePublic sector companies GAIL and an ONGC-Indian Oil consortium are likely to compete with Reliance Industries, HPCL-Mittal Energy, Jindal P...
- Lenders invite bids to buy out stressed JBF petrochemicalsIn the process document issued by banks, prospective buyers with a minimum net worth of ₹300 crore and a consolidated group turnover of ₹2,...
- JBF Petro admitted to NCLT after settlement talks with bidders collapseLenders have received separate offers from Reliance Industries, KKR, Edelweiss, Indian Oil Corporation, Dubai based Citax Energy and Assets...
- ARCs will now have to take the auction route to acquire NPAsTotal NPAs in the banking system are pegged at Rs 9.3 lakh crore.
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