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STERLING BIOTECH GROUP
Jindal Poly, Arham in race for Sandesaras' Sterling SEZOn July 16, 2018, the Mumbai bench of the National Company Law Tribunal (NCLT) admitted the insolvency resolution petition filed by Srei In...- US-based Perfect Day emerges successful bidder for the acquisition of Sterling BiotechThe California-headquartered Perfect Day Inc was the highest bidder at Rs 638 crore against the reserved price of Rs 548.46 crore. While Gu...
- Bankruptcy court temporarily stays auction of Gujarat-based Sterling BiotechGujarat-based Sterling Biotech is the world’s sixth-largest manufacturer of pharmaceutical gelatin and owes over Rs 8,100 crore to financia...
- Tesenderlo Chemie, ACG Associated and Perfect Day in fray for Sterling BioSterling Biotech owes more than Rs 8,100 crore to lenders.
- Aurobindo, Cadila, UPL in fray to acquire bankrupt Sterling BiotechThe liquidator had invited bids on July 21 for the world’s sixth-largest manufacturer of pharmaceutical gelatin to sell the company as a go...
- Sandesaras claim agencies’ ‘dirty tricks’ prevent banks from realising duesA local court in Delhi had in September last year declared four directors of pharmaceuticals firm Sterling Biotech – Nitin and Chetan Sande...
- Bankruptcy & Insolvency: ED seeks 2 more weeks from NCLT to intervene in Sterling CaseA division bench of tribunal, presided over by judicial member Bhaskara Pantula Moha and technical member Shyam Babu Gautam, allowed ED two...
- Sterling Biotech case: Far-reaching NCLAT order sets new bankrupcty precedentThe company's promoters, Chetan Sandesara and Nitin Sandesara, are absconding and believed to be in Africa.
- Gujarat cancels Dahej port contract given to absconding Sandesara brothers of Sterling groupThe absconding promoters of the Sterling group-- Nitin and Chetan Sandesara--are alleged to have defrauded over Rs 14,500 crore of public m...
- ED attaches Sandesara group’s oil rigs, oil field, ships in NigeriaLast year, the ED had attached over Rs 4,700 crore of assets belonging to group company Sterling Biotech Ltd and its subsidiaries. Its prom...
- NCLT refers Sterling Biotech for liquidation“The tribunal has decided to refer the company for insolvency in a verbal order,” said one of the people.
- Madison Pacific opposes withdrawal of Sterling Biotech bankruptcy caseThe NCLT bench presided over by VP Singh and Ravikumar Duraisamy also asked the bond holders of Madison Pacific Trust, who is opposing the ...
- NCLT pulls up lenders of Sterling SEZThe Mumbai bench of the National Company Law Tribunal on Thursday gave 24 hours to the committee of creditors (CoC) to file its response.
- NCLT stays order to withdraw Sterling SEZ’s insolvency resolution processThe Mumbai-bench of NCLT on Friday stayed its earlier order after the Ministry of Corporate Affairs informed the tribunal that a similar wi...
- Delhi court issues notices to Sterling Biotech owners in Rs 8,100-crore bank loan fraud caseOn October 23, the ED filed a supplementary chargesheet against seven persons in the court in the money laundering case.
- ED attaches Rs 4,700-crore assets in Sterling Biotech crackdownLast October, the CBI registered a criminal case against Sterling Biotech, its directors and a then director of Andhra Bank for allegedly c...
- Gujarat Maritime Board signs pact with Sterling Biotech and Sterling Port for developing port at DahejThe Gujarat Maritime Board has entered into a concessional agreement with city-based Sterling Biotech and Sterling Port.
- Sandesara Group restructures foreign debt of Sterling BiotechAs part of the restructuring plan, fresh zero coupon convertible bonds will be issued to replace existing bonds.
- State Bank of Mysore files criminal complaint against Sterling Biotech for 'repayment dafault'State Bank of Mysore has filed a criminal complaint against Sterling Biotech, and its six directors, for allegedly defaulting on repayments.
- Sterling Biotech to invest Rs 600 cr for expansionSandesara group’s Sterling Biotech plans to invest about Rs 600 crore to ramp up the manufacturing capacities of gelatin and coenzyme (Q10)...
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