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RP INVITE BIDS
Selection process of bidder for JAL was fair, transparent & not tailor made: Lenders to NCLATLenders defended their decision to select Adani Enterprises as the successful bidder for Jaiprakash Associates, telling the NCLAT that the ...- JSW Energy to bid for Raigarh Champa Rail Infra as NCLAT allows fresh biddingThe National Company Law Appellate Tribunal has overturned a decision regarding Raigarh Champa Rail Infrastructure. This allows lenders to ...
- NCLAT directs NCLT to promptly decide stay on EoI for Jaiprakash Power, Jaypee FertilisersThe NCLAT has directed the NCLT to expedite its decision regarding the stay on inviting Expression of Interest for Jaiprakash Associates' i...
- NCLT allows fresh round of bidding for KSK MahanadiThe National Company Law Tribunal (NCLT) has allowed KSK Mahanadi Power Company Ltd's committee of creditors (CoC) to invite fresh bids for...
- KSK Mahanadi to NCLT: Change of circumstances calls for fresh biddingKSK Mahanadi Power Company, represented by its Resolution Professional's counsel, informed the NCLT, Hyderabad, on Monday, that new circums...
- Future Enterprises RP invite bids for insurance biz, apparel manufacturing unitsFEL is engaged in the business of manufacturing, trading, leasing of assets and logistics services. It used to develop, own and lease the r...
- Most Future Enterprises lenders back Avil Menezes as resolution professionalThe National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL w...
- Phoenix ARC makes highest offer of Rs 405 crore for Mittal Corp under Swiss auctionPhoenix ARC gave a Rs 405 crore bid for the bankrupt steel maker, against the anchor offer of Rs 228 crore from National Asset Reconstructi...
- Lenders seek better offer for Sintex from RIL-ACREIn most cases, lenders negotiate with the highest bidder to maximise recoveries from buyers of the bankrupt companies, said one of the lend...
- Vedanta entity, OVL among companies in race for Videocon Oil & Gas CoOther EoI applicants include Eight Capital, Dubai-based Citax Holding, Zinnia Fund, Murphy Worldwide, CFM Asset Reconstruction Company and ...
- NCLT calls for Metalyst Forgings rebidDeccan Value says its plan ‘vitiated’ as ‘incorrect info’ on asset was shared.
- Jaypee Infra insolvency: NCLAT permits fresh bids, extends resolution period for 90 daysTo enable the fresh bidding process, the NCLAT extended the resolution period of Jaypee Infratech for another 90 days.
- RIL-JM may get Alok Industries at throwaway priceThe RBI has asked banks to make 100 per cent provision on accounts where resolution failed and the court ordered liquidation.
- Creditors of Essar Steel could appeal against NCLT orderThe move, if it happens, will be prompted by the fact that the lenders are not satisfied with financial bids received from ArcelorMittal an...
- JSW seeks fresh round of bidding for Essar SteelThe NCLT directed the resolution professional (RP) to place before the CoC the first round of bids from Numetal and ArcelorMittal.
- Alok lenders reject Reliance Industries-JM Financial ARC's revised offerReliance Industries, in partnership with J M Financial ARC, was the sole bidder for the bankrupt company that is facing claims of Rs 29,500...
- RIL-JM Financials ARC to buy Alok IndustriesJM Financial ARC had bid, in partnership with Reliance Industries, for Alok Industries.
- Kotak Realty-Cube cries foul over change in Jaypee Infratech bid rulesAccording to sources directly involved in the transaction, Adani Group has emerged as the highest bidder and would be tasked with completin...
- UltraTech to raise Binani bid by Rs 700 croreThe 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...
- ‘Alok bidders can’t delist stock for five years’Alok’s lenders had attempted to revive company through a strategic debt restructuring scheme.
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