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REID AND TAYLOR INSOLVENCY
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...- NCLT admits VHM Industries for insolvencyThe decision of the Mumbai bench of the National Company Law Tribunal (NCLT) came on a petition filed by the State Bank of India. The lende...
- NCLAT stays formation of CoC in Bombay Rayon Fashion insolvency caseHowever, the appellate tribunal has clarified that the Corporate Insolvency Resolution Process (CIRP) proceedings shall be continued and th...
- Bankruptcy court admits Bombay Rayon Fashion for insolvency resolutionThe Mumbai bench of the National Company Law Tribunal (NCLT) admitted the plea filed by Vikash Parasprampuria of Chiranjilal Yarn Traders a...
- NCLT dismisses RTIL RP’s plea to declare transaction made by erstwhile promoter fraudulentThe Mumbai bench of the National Company Law Tribunal (NCLT) dismissed a plea filed by the Resolution Professional (RP) of RTIL to declare ...
- Liquidator has overriding right on company’s assets over tax department: NCLTThe principal bench of the National Company Law Tribunal (NCLT) in New Delhi ruled that the liquidator has overriding powers under the Inso...
- NCLT allows changes in payment schedule to the successful bidder on account of COVID-19The order will set a precedent since lenders and the tribunal have allowed the successful bidder to change the payment schedule after the a...
- NCLT gives nod to liquidate S KumarsS Kumar Nationwide owes around Rs 7,970 crore to its financial creditors.
- NCLT allows Finquest Financial Solutions to sell Reid & Taylor assetsFeels move will help fetch better valuation than the tribunal-appointed liquidator
- Reid and Taylor: NCLT stalls liquidation, accepts union bid for companyReid & Taylor, owned by the Kasliwal family-run S Kumar Group, which is also facing bankruptcy proceedings, owes over Rs 4,100 crore to ban...
- ARCs, foreign funds eye Reid & TaylorReid & Taylor, owned by Kasliwals is facing bankruptcy proceedings after it defaulted on loans.
- NCLT admits S Kumars for insolvency proceedingsThe company, which owned the premium brand Reid & Taylor in India, has total dues of about Rs 2,500 crore to financial creditors.
- Reid & Taylor, S Kumars head for bankruptcy after loan defaults of over Rs 5,000 croreNitin Kasliwal, promoter of S.Kumars Nationwide, has been declared a willful defaulter by most lenders and will thus not be eligible to par...
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