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CREDITOR VOTE SHARES
Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bidIn a surprising turn of events, Ambuja Cements, part of the Adani Group, has put in a bid of Rs 580 crore for Jaypee Cement. However, this ...- When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...
- NCLAT upholds NCLT order on distribution of funds from a resolution planThe National Company Law Appellate Tribunal has rejected a plea from five banks. They challenged fund distribution to SBI and Punjab Nation...
- Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposalIBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...
- Supreme Court refuses to stay Adani’s ₹14,500 cr JAL resolution planThe Supreme Court has declined to halt Adani Group's ₹14,500-crore plan for Jaiprakash Associates. Vedanta's challenge to the resolution pl...
- IL&FS moves NCLAT to update CoC vote sharesIL&FS is adjusting creditor voting rights in committees. This change reflects current outstanding debt after nearly ₹18,000 crore in interi...
- WazirX’s Proposed Scheme of Arrangement: A Path to Recovery and Future Stability for UsersWazirX proposes a Scheme of Arrangement to recover $234 million lost in a cyberattack by North Korean hackers, aiming to redistribute asset...
- Glas Trust moves SC to challenge removal from Byju's committee of creditorsSenior counsel Kapil Sibal, appearing for Glas Trust, which have claims of around Rs 11,500 crore, told a Bench led by Chief Justice DY Cha...
- Stakeholders seek clarity on bankruptcy board's 'single voting' planIBBI had published a discussion paper on measures for increasing the possibility of resolution and proposed that financial creditors will b...
- NCLT dismisses homebuyers' petition to reject Lavasa insolvency resolution planThe homebuyers, in their petition, had sought the tribunal's intervention to declare the resolution plan submitted by Darwin Platform Infra...
- NCLT indicts PSBs on insolvency mandatesIt has indicted the dissenting banks for failing to clearly spell out their alternatives instead of just dissenting the resolution plan.
- Committee of Creditors can vote on multiple resolution plans simultaneously: IBBIIn a major amendment to the corporate insolvency resolution process (CIRP) regulations, the committee of creditors (CoC) can now vote on al...
- Mauritius investor accuses IDBI Bank of derailing Siva Industries' saleA Mauritius-based investor has accused IDBI Bank of derailing the sale of Siva Industries and Holdings, the promoter company of C Sivasanka...
- Lenders can vote against NBCC proposal to acquire Jaypee Infratech, rules NCLATMost of Jaypee Infratech’s 23,000 homebuyers, who constitute around 58% of the committee of creditors, have not voted on the NBCC plan so f...
- Setback for Jaypee buyers in plan to shore up votes for NBCC bidThe decision will lead to further uncertainty in the resolution process of Jaypee Infratech, the real estate company behind ambitious proje...
- Home buyers get backing of governmentA new proposal on NBCC’s resolution plan is currently under voting, and with banks unlikely to back it in its present form, the move is exp...
- Essar Steel CoC may vote against higher payments to StanChartThe committee of creditors may vote against bigger share for Standard Chartered which can pinch other lenders.
- RPL shareholders approve merger with RILMukesh Ambani-led Reliance Petroleum (RPL) said its shareholders and creditors have approved the merger of RPL with parent firm Reliance In...
- Shareholders, creditors approve merger of RPL with RILMukesh Ambani-led Reliance Industries today said the merger of Reliance Petroleum with itself has been approved by its shareholders and cre...
- RIL shareholders clear IPCL mergerThe shareholders and creditors of India’s largest company Reliance Industries (RIL) have approved the merger of Indian Petrochemicals Corpo...
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