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STERLING BIOTECH PROMOTERS
Zydus Lifesciences to acquire 50 pc stake in Sterling Biotech from Perfect DayZydus Lifesciences announced an agreement with Perfect Day Inc to acquire a 50 per cent stake in Sterling Biotech. The partnership aims to ...- US' Perfect, Belgian firm Tessenderlo among 5 in race to buy Sterling BiotechThe Sandesaras are said to have fled India and are believed to be in Africa. In June last year, the Enforcement Directorate had attached pr...
- Tesenderlo Chemie, ACG Associated and Perfect Day in fray for Sterling BioSterling Biotech owes more than Rs 8,100 crore to lenders.
- 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...
- NCLAT gives 30 days more to Sterling Biotech promoters to settle duesA three-member bench headed by Chairperson Justice S J Mukhopadhaya also said the Enforcement Directorate will probe and ascertain whether ...
- Need ED's satisfaction over dues payments made by Sterling promoters: NCLATThe tribunal also said the promoters will have to settle their case with the creditors within a specified period.
- 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.
- NCLAT stays eviction of Sterling Biotech from its premiseBesides, the appellate tribunal also said that "the Liquidator cannot sell the assets of the premises in question."
- 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...
- NCLAT halts liquidation process of Sterling Biotech till further ordersNCLAT has issued notices to the CoC and resolution professional of the company directing them to file their replies in next two weeks.
- NCLAT stays tribunal’s order to liquidate Sterling BiotechTotal dues to the lenders stand above Rs 8,100 crore.
- 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.
- Sterling SEZ: NCLT gives an earful to bankers, orders their personal presence FridayNitin and Chetan Sandesara are absconding and are believed to be abroad and are facing a Delhi court trail to declare them fugitive economi...
- 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...
- Absconding Sterling Biotech promoters move court, asked to furnish address within 15 daysThe Sandesaras have also sought permission to appear in court through their counsel.
- Delhi court allows extradition process against 4 Sterling Biotech promotersThe court had earlier this month issued open-ended non-bailable warrants against the four promoters of the Gujarat pharma firm in the case.
- 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.
- Sterling Biotech promoters pledge 10.42 pc stakeSterling Biotech today said its promoters pledged 8.86 lakh shares of the firm on June 16, following which the total stake in the company p...
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