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AGRO INSOLVENCIES
Farmers’ income doubled, Government driving agriculture push: Shivraj Singh ChouhanUnion minister Shivraj Singh Chouhan informed the Lok Sabha that government initiatives have doubled farmers' income. Production has increa...- Agro insolvencies see surge in deal activityInvestors are actively acquiring struggling agro businesses. These deals offer processing facilities, supply chains, and licenses at signif...
- Anirudh Agro gets NCLAT nod to acquire Viceroy Hotels, to infuse over Rs 150 croreAnirudh Agro Farms has been given the go-ahead by the National Company Law Appellate Tribunal (NCLAT) to acquire the Viceroy Hotel for appr...
- SpiceJet subsidiary SpiceXpress to get USD 100 million from UK groupBudget carrier SpiceJet on Monday said its subsidiary SpiceXpress and Logistics will receive USD 100 million investment from a UK-based gro...
- JSW Steel entity to buy National Steel & AgroJSW Steel is believed to have offered ₹400-425 crore to acquire the company, a person with knowledge of the matter told ET. National Steel ...
- Vedanta, Adani, JSW Infra, submit EOIs for Karaikal PortThe NCLT’s Chennai bench had admitted Karaikal Port for insolvency proceedings via an order dated April 29, following an application made b...
- JM Financial ARC allowed to substitute BoI as petitioner in NSAIL insolvency caseInitially, in 2014, National Steel & Agro entered into a loan agreement with the consortium led by IDBI Bank for over Rs 1,431 crore, in wh...
- JM Financial Asset Reconstruction Company allowed to substitute Bank of India as petitionerBSE-listed National Steel & Agro owes about Rs 1,600 crore to its lenders. On Friday, the Mumbai bench of the National Company Law Tribunal...
- Sebi to auction properties of Sunheaven Agro on Jan 18Sunheaven Agro had garnered funds from more than 7,700 investors through issuance of redeemable preference shares without complying with pu...
- Single-member bench cannot hear insolvency plea, rules NCLATIndore-based Indison Agro Foods Ltd, which is facing insolvency resolution, has argued in its case that the law requires the bench to consi...
- NCLAT sets aside insolvency proceedings against Sarda Agro OilsIn an order, a three-member bench of the NCLAT said the date of default is computed from the date of declaration of account as a NPA (Non P...
- NCLT allows liquidator to sell company stressed assets attached by agencies“The liquidator is permitted to sell the assets of the corporate debtor…which were attached by the Enforcement Directorate, subject to the ...
- What is RERA?The RERA Act was brought in to eradicate problems within the sector.
- Assets of companies under insolvency can’t be attached by agenciesThe Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet on Wednesday.
- Boost to insolvency process: NCLT asks ED to use borrower’s attached assets linked to fraudED had attached Rs 100 crore worth of property of REI Agro, once a prominent rice processing unit, for alleged money laundering. The compan...
- Companies under insolvency process to face additional surveillance from June 11The data available with the BSE shows that 75 firms, including ABG Shipyard, Electrosteel Steels, Mandhana Industrie, are undergoing insolv...
- Godrej, Patanjali among 4 FMCG giants for Ruchi SoyaIf successful, Patanjali gets a firm foothold in the cooking oils business where Adani, through its partnership with Wilmar, Emami and Godr...
- Dozen more companies could face bankruptcy proceedingsA senior government official told ET that the IAC can recommended action on these accounts, most of whom owe money to a consortium of banks.
- Creditors of REI Agro file for insolvency under new Bankruptcy LawThe powers of the board has been suspended and they are now vested on Anil Agarwal. Following the NCLT order, a moratorium is granted to th...
- Indage Vintners challenges wind-up order; hearing on ThursdayIn its appeal, troubled wine-maker Indage said it was not insolvent and its workers would suffer if it was to be liquidated.
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