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SINTEX RESOLUTION
NCLT approves Welspun takeover of Sintex BAPLThe company was admitted to the NCLT under the Insolvency and Bankruptcy Code (IBC) in December 2020. The insolvency resolution process of ...18 Mar, 2023, 12.41 AM IST- Sintex Plastics Tech admitted for insolvency on ARC plea"We hereby inform that a petition filed... against the company by Asset Reconstruction Company has been admitted against the company for wh...24 Feb, 2023, 12.05 AM IST
- RIL-ACRE resolution plan for Sintex gets tribunal's approvalIn November last, government-promoted ARC, National Asset Reconstruction Company of India, had offered to acquire loans of Sintex Industrie...11 Feb, 2023, 07.09 AM IST
- NCLT approval sale of Sintex Industries to Reliance Industries, rejects Axis Bank's pleaNational Company Law Tribunal (NCLT) Friday approved a debt resolution plan of Sintex Industries submitted jointly by Reliance Industries L...10 Feb, 2023, 06.54 PM IST
- Sintex Industries lenders agree to sell debt as resolution hangs fireThe Ahmedabad NCLT is scheduled to hear the matter on a resolution plan on December 7, according to the tribunal's website. Several issues ...29 Nov, 2022, 12.49 AM IST
- Welspun set to acquire 70% debt of Sintex BAPLAvenue Capital-backed Asset Reconstruction Company of India (Arcil) in partnership with Welspun, has been acquiring Sintex BAPL loans from ...23 Nov, 2022, 10.01 AM IST
- Welspun acquires 54% of Sintex BAPL debtWelspun is offering Rs 1,127 crore to acquire Sintex BAPL, a manufacturer of plastic components for the automotive industry. This would equ...20 May, 2022, 09.43 AM IST
- Axis Bank turns down plan to distribute Sintex sale proceedsAxis Bank is the sole lender to vote against the resolution plan submitted jointly by the two, the sources said. Axis Bank has ₹159 crore v...24 Apr, 2022, 11.08 PM IST
- Reliance & ACRE bid for Sintex filed before NCLT for approvalAs per the IBC procedures, RP has to submit the resolution plan as approved by the CoC to NCLT under Section 30(6) of IBC, which gives its ...24 Mar, 2022, 10.00 PM IST
- Voting date for Sintex Industries extended to March 18All four plans – Reliance Industries -Assets Care & Reconstruction Company (ACRE) team; Himatsingka Ventures, Welspun and GFCL Ltd- were pu...10 Mar, 2022, 07.37 PM IST
- RIL-ACRE upgrades offer for Sintex to Rs 3,651 croreThe revised plan by Reliance-Acre is said to be above liquidation value, said one of the persons cited above. Lenders were seeking improved...03 Mar, 2022, 01.27 AM IST
- Sintex Industries insolvency in final stages, company receives revised bidsThe resolution professional of Sintex Industries has also received bids from Welspun Group firm Easygo Textiles, GHCL and Himatsingka Ventu...08 Feb, 2022, 11.03 AM IST
- Last year’s 3-bagger Sintex Ind’s share price may drop to zeroAnalysts warned that the resolution plans suggested by companies vying to buy Sintex’s assets proposed to write off the existing equity ful...13 Jan, 2022, 03.28 PM IST
- Reliance-ACRE, Welspun in final lap to buy bankrupt Sintex IndustriesRIL-ACRE and Welspun Group unit Easygo Textile are the two highest bidders among the four offers that lenders have received for the textile...13 Jan, 2022, 10.40 AM IST
- Arpwood, Welspun Group in race to buy Sintex BAPLRajeev Gupta and Raj Kataria-promoted Arpwood Capital improved their offer to ₹1,100 crore, soon after Welspun Group offered ₹1,076 crore t...14 Dec, 2021, 11.49 AM IST
- RIL, Welspun among bidders for bankrupt textile company SintexFour leading textile players — Mukesh Ambani’s Reliance Industries, B K Goenka’s Welspun, Sanjay Dalmia’s GHCL and Dinesh Kumar Himatsingka...13 Dec, 2021, 07.06 AM IST
- RIL team among five bidders in race for bankrupt Sintex IndustriesSintex Industries Ltd, which is undergoing a corporate insolvency and resolution process, had received 16 expressions of interest including...02 Nov, 2021, 07.24 AM IST
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