Future Retail resolution professional pushes for new bidding round, 58% lenders' reject Space Mantra's planDeloitte-backed resolution professional Vijaykumar Iyer has requested a fresh opportunity to seek new bids for Future Retail, after lenders...
02 Oct, 2023, 10.17 AM IST
Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrumThe former Resolution Professional of Aircel entities has requested the Supreme Court's permission to sell the right to use spectrum on an ...
18 Sep, 2023, 10.01 PM IST
Future Retail's creditors extend voting timeline on SpaceMantra's bid to Sept 30The committee of creditors (CoC) for Future Retail (FRL) has extended the voting period once again as they are undecided on whether to appr...
18 Sep, 2023, 12.49 AM IST
To accept only bid for Future Retail or not? Lenders differSome banks are opposed to taking up the resolution plan submitted by SpaceMantra as it is too close to the liquidation value, while some ot...
08 Sep, 2023, 12.30 AM IST
HDFC Bank against vote on Space Mantra's Future Retail Ltd offerBank highlights procedural lapses in the resolution process to lenders.
02 Sep, 2023, 10.20 AM IST
Vote on Space Mantra's Future Retail bid likely soonLenders to Future Retail (FRL) are considering a takeover plan by Space Mantra, despite concerns about the low offer. The committee of cred...
01 Sep, 2023, 05.52 PM IST
NCLT approves of Dalmia Cement to rescue Murli Industries but with conditionsIf the changes are not acceptable to Dalmia, Murli Industries will be liquidated. Dalmia Cement (Bharat) refused to offer a comment at this...
10 Jul, 2019, 12.19 PM IST
Aircel, RCom yet to clear dues, allege distributorsAn Aircel official, who did not want to be named, has said the settlement amount given to distributors was indeed the final one.
18 Jun, 2018, 08.45 AM IST
Dalmia wants to vet UltraTech’s resolution plan for Binani CementIn a letter, Dalmia Cements said it wants to examine, “the various assumptions, the scheme and the revival proposal that form the basis of ...
23 May, 2018, 11.42 PM IST
Supreme Court rejects Dalmia Bharat's plea challenging NCLT's Binani orderDalmia Bharat had expressed disappointment with the order had said that it will explore all options including challenging the NCLT order be...
11 May, 2018, 07.56 AM IST
Tata Steel facing trouble in Bhushan Steel takeoverRepresentatives of Tata Steel are allegedly being intimidated by people close to the former promoter of the company, according some sources.
09 May, 2018, 10.48 AM IST
Hopes afloat for Dalmia Bharat in bid to acquire Binani CementThe source said an unsecured creditor, Exim Bank, having exposure of about Rs 620 crore, has filed an application for maximising value in t...
22 Mar, 2018, 11.12 PM IST
Dalmia Bharat, UltraTech remain keen in Binani despite 'fraud'The Resolution professional (RP) Vijaykumar V Iyer has moved the National Company Law Tribunal (NCLT), alleging suspect and fraudulent tran...
21 Mar, 2018, 09.54 PM IST
Binani Cement RP moves court alleging Rs 2400 crore fraudulent transactionsThe RP’s application said he had appointed Haribhakti and Co LLP as a “forensic consultant” on November 21, 2017, for reviewing and identif...
21 Mar, 2018, 01.37 PM IST
What changed your markets while you were sleepingLet’s check out what all might influence Dalal Street all through the day.
21 Mar, 2018, 08.30 AM IST
need2know: 11 macro triggers that should matter for market todayA look at the top macro triggers that may move market on Wednesday
21 Mar, 2018, 07.58 AM 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