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SUMIT BINANI
Jindal Power offers $1.68 bln for distressed coal-based power plant, say sourcesJindal Power has submitted a bid for the distressed KSK Mahanadi project in Chhattisgarh, a coal-based power project that is being eyed by ...06 Feb, 2024, 06.51 PM IST- Lenders confused over the status of non-admitted IBC casesThe government on March 24 raised the threshold for invoking IBC proceedings to Rs 1 crore from Rs 1 lakh, to prevent triggering of insolve...12 May, 2020, 12.25 PM IST
- Resolution professionals for Ballarpur Ind, KSK namedLenders have appointed resolution professionals (RP’s) to run the insolvency proceedings of Ballarpur Industries Limited (BILT) and KSK Mah...21 Mar, 2020, 09.27 AM IST
- Liberty falters, suitors line up for Adhunik MetaliksKalyani Steel, Maharashtra Seamless and Shyam Sel & Power have shown interest in the company that owes Rs 5,371 crore to banks.15 Mar, 2019, 07.44 AM IST
- Lenders accept misra & sons’ bid for Orissa ManganeseThe others are Zion Steel, Adhunik Metalliks and Adhunik Alloy & Power. Ghanashyam Misra will retain debt of Rs 150 crore in the mining uni...01 May, 2018, 09.33 AM IST
- Srei Infra’s Rs 215-cr offer for Adhunik Alloy disqualifiedSrei Infrastructure had bid with three other applicants for Adhunik Alloy, one of the four companies of Adhunik group facing bankruptcy pro...24 Apr, 2018, 07.14 AM IST
- Monnet Ispat CoC approves AION-JSW Steel plan by 98.97% favourable votingFollowing a CoC meeting that was held on April 7 in which the resolution applicant presented the resolution plan, the same was put through ...10 Apr, 2018, 03.09 PM IST
- 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...12 Mar, 2018, 07.56 AM IST
- Three Adhunik companies get 90-day extensionThe extension comes at a time when the group companies have collectively received about 20 expressions of interest. However, the companies ...13 Jan, 2018, 10.32 AM IST
- NCLT gives extension to Adhunik companiesAdhunik Metaliks, Zion Steel, and Orissa Manganese and Minerals had failed to hammer out a debt resolution plan within the initial deadline...12 Jan, 2018, 11.00 PM IST
- Will Gujarat NRE be liquidated in new manner?Staff unions said that their jobs, upon the company’s liquidation, should be saved as Gujarat NRE Coke is a running company and has made op...09 Jan, 2018, 09.41 PM IST
- NCLT to deliver final order on NRE Coke’s liquidation todayTribunal has sought company's data on human resources before it takes the final call.09 Jan, 2018, 09.47 AM IST
- NCLT seeks employee details from Gujarat NREThe resolution professional, Sumit Binani, has submitted his report to the Kolkata chapter of the dedicated bankruptcy court in the case in...08 Jan, 2018, 10.56 PM 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
- Will Gujarat NRE go down the drain under Bankruptcy Code?Gujarat NRE Coke received expressions of interest from 4 entities, including Suraksha Asset Reconstruction Company, but none translated int...26 Dec, 2017, 10.55 PM IST
- Kolkata-based liquor seller RG Shaw & Sons faces liquidationThe promoters of the company did not submit resolution plans while it defaulted on a loan of about Rs 80 crore, where SBI has 95% exposure.08 Dec, 2017, 07.10 PM IST
- Cement cos’ margins under pressure as freight rates riseDespite a rise in prices coupled with a high demand scenario, cement firms are reeling under input cost pressures.30 Mar, 2009, 12.47 AM IST
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