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KAMINENI STEEL ASSETS
Kalyani Steels emerges successful bidder for Kamineni Steel assetsKalyani Steels Ltd has emerged as a successful bidder to acquire assets of Kamineni Steel and Power India, under liquidation. Part of over ...- Kamineni firms land at NCLT on bad loan woesUSTPL and Kamineni Steel & Power, which were hit by industrial unrest and other labour problems, had defaulted on some repayments to lender...
- NCLAT Orders Liquidation of Kamineni Steel & PowerNCLAT has scrapped the lower bankruptcy court’s decision clearing a debt resolution plan that didn’t have the approval of 75% of the compan...
- Bankruptcy order for Kamineni reversedThe company faces Rs 1,500 crore claims from financial creditors.
- Rs 4k-cr insolvency claims madeThe RBI had allowed banks to take management control of a defaulting company by converting their loans into equity through the SDR scheme i...
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