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METALYST CASE
SC grants bail to former Amtek Group chairman Arvind Dham in Rs 2,700-crore bank fraud caseThe Supreme Court has granted bail to former Amtek Group chairman Arvind Dham in a Rs 2,700-crore bank fraud case. Previously, the Delhi Hi...- Bank fraud: Delhi HC refuses bail to Amtek Group ex-chairpersonThe Delhi High Court on Tuesday denied bail to former Amtek Group chairperson Arvind Dham in a Rs 2,700-crore bank fraud case.Justice Ravin...
- Delhi High Court denies bail to former Amtek Chairman Arvind Dham in Rs 2,700 crore bank fraud caseThe Delhi High Court denied Arvind Dham, former Amtek Group chairman, regular bail in a Rs 2,700-crore bank fraud case. Previously, the Sup...
- ED attaches Rs 1,200-crore properties of builder, auto part company in GurugramThe Enforcement Directorate in Gurugram seized assets worth crores in two separate cases. One case involves Ramprastha Promoters accused of...
- Amtek ex-boss Arvind Dham's interim bail plea dismissed by SC in Rs 2,700-crore fraud caseThe Supreme Court denied interim bail to Arvind Dham, former chairman of Amtek Group, in a Rs 2,700-crore bank fraud case, citing abuse of ...
- Bank fraud: SC asks Amtek Group former chairperson to surrender in jailThe Supreme Court has ordered former Amtek Group chairperson Arvind Dham to surrender by 10 AM on April 8 in connection with a ₹2,700 crore...
- ED attaches fresh assets of Amtek Group worth Rs 557 crThe action was taken against Amtek Auto Limited, ARG Limited, ACIL limited, Metalyst Forging Limited, Castex Technologies Limited and Amtek...
- Bank fraud: ED attaches Amtek Group's assets worth over Rs 5,000 crThe Enforcement Directorate has attached assets worth over Rs 5,000 crore in a bank loan fraud case involving the insolvent Amtek Group. Th...
- Resolution winner is bound by plan, SC rules in Metalyst Forgings caseThe Supreme Court overturned orders from a bankruptcy court and an appellate tribunal allowing the successful resolution applicant, Deccan ...
- MCA moves NCLT to freeze all assets of Metalyst Forgings former promotersIn December 2017, the company was admitted under the Corporate Insolvency Resolution Process in a petition filed by the State Bank of India...
- Amtek Auto lenders move SC claiming contempt by bidderThe order was pronounced in response to an application from DVI claiming that the pandemic had drastically altered the financial calculatio...
- Ahead of Market: 12 things that will decide stock action on WednesdayA look at what some of the key indicators are suggesting for Wednesday’s market action.
- Due Diligence of a stressed asset still a challenge in IBC: Koushik Chatterjee, Tata SteelTata Steel was one of the first players to acquire an asset out of the 12 assets notified by the Reserve Bank of India needing immediate re...
- Mandhana buyer Formation Textile alleges foul play in resolution processUS co says RP and lenders wilfully suppressed facts, wants to be allowed to modify plan.
- DVI seeks to withdraw offer for Metalyst ForgingsDVI now wants to withdraw the proposal, claiming discrepancies in the information shared with the company and what existed on ground. Metal...
- Amtek lenders seek to restart process for resolution, Liberty House cries foulThe lenders have also requested NCLT to allow them to “recommence" the process for inviting resolution plans and exclude the litigation per...
- Patanjali keen on buying Ruchi Soya as Adani Wilmar pulls out of dealRuchi Soya owes Rs 9,405 crore to lenders and Rs 1,248 crore to operational creditors.
- Deccan Value is top bidder for Amtek AutoAmtek Auto had received two binding bids from Liberty House and Deccan Value.
- RP for Amtek’s subsidiaries sets rules for biddersThe three companies have combined dues of about Rs 22,300 crore.
- DA Capital, SSG Capital Management eye stake in four Amtek Group entitiesThe consortium led by IDBI and other banks has decided to conduct an auction this week to find a suitable buyer. IDBI Capital and SBI Capit...
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