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NICCO INSOLVANCY
Market Movers: What changed for D-Street while you were sleepingLet us check out the factors that may bring all the action on Dalal Street on Wednesday.
29 May, 2019, 08.06 AM IST
Slump sale of Nicco Corp fails, assets are put on bloc separatelyThe lenders with a cumulative exposure of Rs 325 crore in Nicco Corp had to take about 40% haircut going by the reserve price of Rs 232 cro...
17 Apr, 2018, 04.28 PM IST
Nicco Corporation's liquidation: Lenders, workmen may have to accept huge haircut on claimsBanks including State Bank of India has non-performing loans of Rs 325 crore while 650 workmen have about Rs 14 crore admitted claims.
07 Mar, 2018, 08.02 PM IST
NCLT orders liquidation of Nicco as recast failsThe NCLT's Kolkata bench passed the order Tuesday as lenders led by State Bank of India rejected the debt resolution plan prepared by the c...
19 Oct, 2017, 11.30 AM IST
About 400 workers to lose jobs as NCLT puts Nicco Corporation under liquidationNicco Corporation had 400 workers engaged at its two facilities at Shyamnagar in West Bengal and at Baripada in Odisha.
18 Oct, 2017, 06.25 PM IST
MBL Infra promoters may infuse Rs 50-100 crore to escape liquidationRBL Bank had dragged the once sought-after road builder to the NCLT for failing to repay a loan.
16 Oct, 2017, 09.46 AM IST
Nicco Corporation faces liquidation as lenders reject revival planIf NCLT passes order for liquidation, stakeholders and lenders of the Kolkata-based firm may get a month’s time to submit their claims.
11 Oct, 2017, 10.26 PM IST
Innoventive gets 3 months to fix debtThe company manufactures steel tubes and auto parts for various large auto companies.
21 Jul, 2017, 09.36 AM IST
Will Innoventive Ind see the first light of insolvency resolution?If the company fails to resolve the debt problem in the next three months with banks taking a haircut and promoters bringing in equity, it ...
20 Jul, 2017, 08.53 PM IST
Nicco Corporation gets 90 days more for debt resolutionNicco was one of the first few companies to begin debt resolution after the introduction of the Insolvency and Bankruptcy Code (IBC) in 201...
14 Jul, 2017, 01.27 AM IST
Lenders ask Nicco to rework recast planAccording to IBC rules, the powers of the board of the company cease on the appointment of a resolution professional.
06 Jul, 2017, 08.59 AM IST
Lenders tell Nicco Corporation to rework resolution planThe committee of creditors for Nicco has agreed to seek a three month extension, reflecting a failure in completing resolution within the s...
05 Jul, 2017, 08.33 PM IST
Insolvency board registers seven casesICICI Bank’s application for insolvency resolution against Innoventive was the first to be registered by the Board.
10 Feb, 2017, 02.01 PM IST
New era: Insolvency resolution begins for seven Indian companiesICICI Bank’s application for insolvency resolution against Innoventive was the first to be registered by the Board.
09 Feb, 2017, 04.27 PM IST