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STERLING BIOTECH INSOLVENCY
Zydus Lifesciences acquires 50% stake in Sterling BiotechZydus Lifesciences entered a joint venture with Perfect Day by acquiring a 50% stake in Sterling Biotech. The collaboration aims to build a...- NCLAT dismisses PNB's plea against sale of Sterling Biotech to US-based Perfect DayThe National Company Law Appellate Tribunal (NCLAT) has dismissed a plea from a UK-based subsidiary of Punjab National Bank against the app...
- NCLT approves Sterling Biotech’s acquisition by US-based Perfect DayIn April, the California-based company emerged successful with a bid of Rs 638 crore against the reserve price of Rs 548.46 crore for the d...
- Jindal Poly, Arham in race for Sandesaras' Sterling SEZOn July 16, 2018, the Mumbai bench of the National Company Law Tribunal (NCLT) admitted the insolvency resolution petition filed by Srei In...
- US' Perfect, Belgian firm Tessenderlo among 5 in race to buy Sterling BiotechThe Sandesaras are said to have fled India and are believed to be in Africa. In June last year, the Enforcement Directorate had attached pr...
- Tesenderlo Chemie, ACG Associated and Perfect Day in fray for Sterling BioSterling Biotech owes more than Rs 8,100 crore to lenders.
- Aurobindo, Cadila, UPL in fray to acquire bankrupt Sterling BiotechThe liquidator had invited bids on July 21 for the world’s sixth-largest manufacturer of pharmaceutical gelatin to sell the company as a go...
- Bankruptcy & Insolvency: ED seeks 2 more weeks from NCLT to intervene in Sterling CaseA division bench of tribunal, presided over by judicial member Bhaskara Pantula Moha and technical member Shyam Babu Gautam, allowed ED two...
- NCLAT gives 30 days more to Sterling Biotech promoters to settle duesA three-member bench headed by Chairperson Justice S J Mukhopadhaya also said the Enforcement Directorate will probe and ascertain whether ...
- Need ED's satisfaction over dues payments made by Sterling promoters: NCLATThe tribunal also said the promoters will have to settle their case with the creditors within a specified period.
- Sterling Biotech case: Far-reaching NCLAT order sets new bankrupcty precedentThe company's promoters, Chetan Sandesara and Nitin Sandesara, are absconding and believed to be in Africa.
- NCLAT stays eviction of Sterling Biotech from its premiseBesides, the appellate tribunal also said that "the Liquidator cannot sell the assets of the premises in question."
- NCLAT halts liquidation process of Sterling Biotech till further ordersNCLAT has issued notices to the CoC and resolution professional of the company directing them to file their replies in next two weeks.
- NCLAT stays tribunal’s order to liquidate Sterling BiotechTotal dues to the lenders stand above Rs 8,100 crore.
- NCLT refers Sterling Biotech for liquidation“The tribunal has decided to refer the company for insolvency in a verbal order,” said one of the people.
- Madison Pacific opposes withdrawal of Sterling Biotech bankruptcy caseThe NCLT bench presided over by VP Singh and Ravikumar Duraisamy also asked the bond holders of Madison Pacific Trust, who is opposing the ...
- NCLT pulls up lenders of Sterling SEZThe Mumbai bench of the National Company Law Tribunal on Thursday gave 24 hours to the committee of creditors (CoC) to file its response.
- NCLT stays order to withdraw Sterling SEZ’s insolvency resolution processThe Mumbai-bench of NCLT on Friday stayed its earlier order after the Ministry of Corporate Affairs informed the tribunal that a similar wi...
- Bankruptcy court admits lenders insolvency plea against Sterling BiotechSenior officials from the banking circle said that Andhra Bank, which is the led bank has called a meeting of lenders on Tuesday to discuss...
- 3 cos linked to bank fraud, bad debts face SFIO probeRuchi Soya, Sterling Biotech and Kanishk Gold are among the firms whose cases have been forwarded for probe.
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