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RASHMI METALIKS CASE
Strategic buyers and investors scouting for insolvency-affected cement assetsStrategic buyers and investors are actively pursuing distressed cement companies undergoing insolvency, with Jaiprakash Associates Ltd's ce...- UltraTech, AM Mining, others eye Vadraj CementAM Mining India, a joint venture between ArcelorMittal and Nippon Steel, Oaktree Capital-backed India Opportunities XII Investments, and Ni...
- SC junks arbitral panel award ordering SER to pay Rashmi Metaliks Rs 1,300 crThe Indian Supreme Court has appointed former Supreme Court judge V. Ramasubramanian as the sole arbitrator in a dispute between South East...
- NCLT Approves McNally Barat Engineering’s acquisition by BTL EPCWhen the company's resolution professional (RP) Ravi Sethia invited the bids, four bidders - Amit Metaliks, Nalwa Steel & Power, BTL EPC an...
- Bombay Rayon Fashions' lenders reject all resolution proposalsAll resolution plans received for the assets of Bombay Rayon Fashions have been rejected by lenders. The textile manufacturer has liabiliti...
- Calcutta HC stays operation of arbitration award of Rs 1,301 cr against SERThe Calcutta High Court on Tuesday granted an unconditional stay on the operation of an arbitration award from South Eastern Railway to Ras...
- Adhunik group company gets new life after NCLT orderThe corporate borrower has a mining lease at Patmunda Manganese Mines, which helps the company being run as a “going concern”, a key factor...
- Edelweiss ARC makes Rs 325 crore top bid for Orissa Manganese & MineralsEdelweiss ARC was the sole bidder for the other two companies – Zion Steel and Adhunik Metaliks.
- Adhunik Alloys gets four resolution plansThe four companies face claims totalling Rs 14,185 crore.
- Rashmi Group launches e-procurement service for SMEsThe Rs 3,000 crore Rashmi group, with interests in cement and steel, has launched e-procurement services to assist small and medium compani...
- Mining officer, accountant held in Odisha mining scamThe anti-corruption vigilance sleuths today arrested two officials of steel and mines department on charge of showing undue favour to a Kol...
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