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DIGJAM INSOLVENCY
Arvind, Donear, 10 others in race to buy Bombay RayonDonear Group's GBTL has bid for all assets, while Arvind has bid for all categories except equity of BRFL Textile, according to a list of a...- NCLT admits VHM Industries for insolvencyThe decision of the Mumbai bench of the National Company Law Tribunal (NCLT) came on a petition filed by the State Bank of India. The lende...
- NCLAT stays formation of CoC in Bombay Rayon Fashion insolvency caseHowever, the appellate tribunal has clarified that the Corporate Insolvency Resolution Process (CIRP) proceedings shall be continued and th...
- Bankruptcy court admits Bombay Rayon Fashion for insolvency resolutionThe Mumbai bench of the National Company Law Tribunal (NCLT) admitted the plea filed by Vikash Parasprampuria of Chiranjilal Yarn Traders a...
- Companies invoking ‘MAC Clause’ to renegotiate or exit dealsOver half a dozen transactions in the past three months are being reviewed or reworked.
- NCLT allows changes in payment schedule to the successful bidder on account of COVID-19The order will set a precedent since lenders and the tribunal have allowed the successful bidder to change the payment schedule after the a...
- Lenders agree to 40% haircut in Digjam resolutionTotal dues that Digjam owed its creditors came to about Rs 168 crore.
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