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BINANI RESOLUTION
Supreme Court rejects plea to halt Binani Cement’s resolutionDalmia Bharat’s grounds to object to UltraTech stem from an agreement under which Binani Industries signed to sell 98.4% of its stake in Bi...05 Jun, 2018, 08.23 AM IST- Have got LoI from Binani lenders to acquire it, says UltraTechThe Committee of Creditors (CoC) of Binani Cement on May 28 approved the resolution Plan submitted by UltraTech Cement, it said in a regula...30 May, 2018, 08.06 PM IST
- Lenders to meet today to decide Binani’s fateLenders said the meeting is significant in the backdrop of Dalmia Bharat’s decision not to revise its original offer of Rs6,350 crore while...28 May, 2018, 08.30 AM IST
- Dalmia Bharat alleges Ultratech acting ‘in concert’ with promoters of BinaniAs loan defaulters, the Binani promoters are themselves barred from bidding under the clause. However, both UltraTech and insolvency lawyer...10 May, 2018, 08.28 AM IST
- NCLT reserves order on Binani CementThe bench has heard all the 14 petitions except the one filed by the Resolution Professional (RP) alleging fraudulent transactions involvin...25 Apr, 2018, 07.59 AM IST
- Now no banker would think of outside settlement: Dalmia Bharat’s Singhi on SC's Binani judgementWith the Supreme Court lobbing the Binani Cement case back to the National Company Law Tribunal, Dalmia Bharat Group CEO Mahendra Singhi ca...13 Apr, 2018, 09.38 PM IST
- Dalmia Cement confident of getting nod for Binani CementLast week, the Committee of Creditors (CoC) of Binani Cement had decided to stick with the offer from Dalmia Bharat Cement for the debt-rid...08 Apr, 2018, 11.22 AM IST
- NCLAT allows parties to settle dispute over Binani Cement saleA two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya gave liberty to the parties, to settle the case amicably.03 Apr, 2018, 05.45 PM IST
- NCLT judge asks CoC to look at Binani Industries applicationThe NCLT judge contended that in the larger interest of the creditors, the CoC could give it a consideration.27 Mar, 2018, 11.14 PM IST
- Binani Cement says followed processes diligently, case adjourned till March 27As many as 14 applications were made at Kolkata’s bankruptcy courts involving the resolution plan for Binani Cement, which is facing insolv...22 Mar, 2018, 11.13 PM IST
- UltraTech googly puts Dalmia, Binani lenders on backfootUltraTech told stock exchanges that it will issue a comfort letter to provide Rs 7,266 crore to Binani Industries to end insolvency proceed...20 Mar, 2018, 12.44 PM IST
- Banks real winner in Binani resolution: Puneet DalmiaThe resolution plan of Dalmia Bharat IRF consortium achieved CoC approval in 233 days, which is the fastest so far for a billion-dollar tra...16 Mar, 2018, 10.32 AM IST
- Binani Cement creditors pick Dalmia BharatBinani Cement was referred to bankruptcy court by Bank of Baroda.15 Mar, 2018, 08.07 AM IST
- Binani Industries approaches to NCLT over Binani Cement saleIn the plea, Binani Industries has also sought permission to interact with the bidders and financial creditors and other stakeholders of Bi...19 Feb, 2018, 07.57 PM IST
- 15 firms keen on bankrupt Binani CementThe bank has appointed Vijaykumar V Iyer as the resolution professional.21 Nov, 2017, 08.50 AM IST
- Top cement players eyeing Binani Cement assets post insolvency nod by NCLTThe deal structure will become clearer and potential suitors will firm up their strategy based on the final resolution plan approved by len...07 Aug, 2017, 05.48 PM IST
- Binani Ind seeks shareholders' nod to fund unitBinani Industries on Tuesday said it is seeking shareholders' consent to provide additional financial assistance to its subsidiaries.22 May, 2007, 09.00 PM IST
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