NCLT allows KSK Mahanadi lenders to distribute surplus cash of Rs 6400 crore among themThis is the first time lenders will recover a part of their dues before a resolution is approved by the NCLT. All bidders including Adani P...
05 Aug, 2024, 11.39 PM IST
NCLT allows rebids in Rolta, opens door for PatanjaliPatanjali had pleaded with the NCLT to consider its offer late last month. Rolta is a defence focussed software company which was admitted ...
16 Feb, 2024, 05.40 PM IST
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...
25 Jan, 2024, 07.40 PM IST
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...
22 Dec, 2023, 10.10 PM IST
Nine bidders submit plans for Rolta India which owes Rs 14,000 crorePeople aware of the development told ET that resolution plans have come from Rashmi Metaliks, United Biotech, Real Value Infotech Projects,...
04 Dec, 2023, 10.54 AM IST
Rolta India lenders invite fresh revival bidsThe exchange filing stated that the plan proposed by the sole resolution applicant was rejected by the CoC with 87.41% dissent and now it i...
11 Oct, 2023, 11.45 PM IST
Rashmi Metaliks submits resolution plan for RoltaSecured creditors have an exposure of ₹7,086 crore to Rolta. The lenders are scheduled to meet on Wednesday to evaluate the Rashmi offer. T...
12 Sep, 2023, 06.21 AM IST
Arvind, Donear, 10 others in race to buy Bombay RayonDonear Group's GBTL has bid for all assets, while Arvind has bid for all categories except equity of BRFL Textile, according to a list of a...
10 Mar, 2023, 12.30 AM IST
South Eastern Railway sets up a Business Development Unit at its zonal headquartersThe main objective of setting up such a Business Development Unit is to generate new traffic by making rail transportation more competitive...
21 Aug, 2020, 06.38 PM IST
Bhagwati Power top bidder for Adhunik AlloyA source in the banking circle said the committee of creditors (CoC) in its meeting held last week has approved the plan of Bhagwati Power ...
18 May, 2018, 12.03 PM IST
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.
30 Jan, 2018, 10.52 AM IST
Adhunik Alloys gets four resolution plansThe four companies face claims totalling Rs 14,185 crore.
15 Jan, 2018, 09.57 AM IST
Insolvent Adhunik firms get 20 EoIsBinding bids for the resolution plans must be submitted in the next two weeks.
04 Jan, 2018, 09.53 AM IST
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...
11 Dec, 2013, 06.32 PM IST
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...
13 Sep, 2013, 08.16 PM IST
- Rashmi Group To Invest Rs 1,000 cr in Odisha, Madhya Pradesh
Rashmi Group has lined up Rs 1000 crore worth of investment in Odisha and Madhya Pradesh.
16 Dec, 2011, 09.09 PM IST
- Tata Steel, Jindal Steel, JSW along with PSUs to bid for Afghan's Hajigak mines
Fourteen Indian firms, of the total 22, had been short-listed to bid for the mines estimated to contain about 1.8 billion tonnes in reserve.
23 Jun, 2011, 04.46 AM IST