• Insolvency: Binani Cement Submits Ultratech Plan For Nclt
    Insolvency: Binani Cement Submits Ultratech Plan For Nclt

    After the resolution professional (rp) of binani cement submitted the resolution plan of ultratech cements rs 79.60 billion offer for approval from the kolkata bench of the nclt on friday, dalmia bharat cement also geared up for battle by deciding to challenge it in the tribunal on the very day it will be up for discussion. in its previous.

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  • Binani Cement Case Returns To Nclt The Hindu
    Binani Cement Case Returns To Nclt The Hindu

    Sameer kaji, senior adviser to binani industries said the company would wait till a final decision was made by the nclt, before coming back to the supreme court.

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  • Binani Cement Matter Back In Nclt As Supreme Court
    Binani Cement Matter Back In Nclt As Supreme Court

    Binani cement matter back in nclt as supreme court unimpressed by petition to terminate insolvency. 16th april 2018.

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  • Nclat Refuses Stay On Binani Cement Proceedings At
    Nclat Refuses Stay On Binani Cement Proceedings At

    New delhi: the national company law appellate tribunal (nclat) has refused to stay the nclt proceedings on the resolution process of debtridden binani cement. the appellate tribunal, however, admitted the petition filed by binani industries who has sought all documents related to the resolution process undertaken by the committee of creditors of binani cements.

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  • Nclt Reserves Order In Binani Cement Insolvency Case
    Nclt Reserves Order In Binani Cement Insolvency Case

    Binani has been undergoing insolvency proceedings initiated by nclt since july 2017. in february, ultratech and an equal joint venture between dalmia bharat and bainpiramals india resurgence fund had separately bid for binani cement.

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  • Nclt Reserves Order In Binani Cement Hearing Hindu
    Nclt Reserves Order In Binani Cement Hearing Hindu

    The kolkata bench of national company law tribunal (nclt) on tuesday reserved its order in the ongoing corporate insolvency resolution process of binani cement. the division bench completed hearing all petitions excepting the one filed by the resolution professional (rp) alleging fraudulent transactions involving the promoters of binani cement. the 270days moratorium period for binani.

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  • Nclt Reserves Order In Binani Cement's Insolvency
    Nclt Reserves Order In Binani Cement's Insolvency

    The kolkata bench of national company law tribunal (nclt) on tuesday reserved its order in the ongoing corporate insolvency resolution process of binani cement. the division bench completed hearing all petitions excepting the one filed by the resolution professional (rp) alleging fraudulent transactions involving the promoters of binani cement. a total of 14 petitions were.

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  • Top Cement Players Eyeing Binani Cement Assets Post
    Top Cement Players Eyeing Binani Cement Assets Post

    The deal structure will become clearer and potential suitors will firm up their strategy based on the final resolution plan approved by lenders, said a source.

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  • Binani Cement Share Price, Binani Cement Stock Price
    Binani Cement Share Price, Binani Cement Stock Price

    Binani cement share price, binani cement stock price, binani cement ltd. stockshare prices, binani cement ltd. live bsense, f&o quote of binani cement ltd.

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  • Binani Cement Undervalued In Nclt Say Promoters
    Binani Cement Undervalued In Nclt Say Promoters

    Binani cement undervalued in nclt say promoters in a filing at the national company law tribunal, kolkata, binani industries has also said the resolution professional appointed for the company, vijaykumar iyer, and deloitte, have vested interests in undervaluing the company so that they can give their favourite bidder the company.

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  • Insolvency Of Binani Cement A Case Study Insolvency
    Insolvency Of Binani Cement A Case Study Insolvency

    The nclt referred the application back to the resolution professional (rp) to reconsider in accordance with the rules and regulations of the ibc. this led binani cement limited to prefer an appeal. company appeal no. 123, arising out of order dated 27th march, 2018, passed by nclt.

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  • Binani Industries Approaches Nclt Over Binani Cement Sale
    Binani Industries Approaches Nclt Over Binani Cement Sale

    Binani industries has approached the national company law tribunal (nclt) seeking permission to participate in the decisionmaking process for the sale of its debtridden subsidiary binani.

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  • Binani Industries Approaches To Nclt Over Binani Cement
    Binani Industries Approaches To Nclt Over Binani Cement

    Binani industries, which holds 98 per cent share capital of binani cements, has also raised questions over appointment of vijaykumar v iyer as interim resolution professional (irp) in the application filed before the kolkata bench of nclt.

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  • Binani Industries Approaches Nclt To Seek Participation In
    Binani Industries Approaches Nclt To Seek Participation In

    Binani industries, which holds 98 per cent share capital of binani cements, has also raised questions over appointment of vijaykumar v iyer as interim resolution professional (irp) in the application filed before the kolkata bench of nclt. in the plea, binani industries has also sought permission to interact with the bidders and financial.

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  • Insolvency Of Binani Cement A Case Study
    Insolvency Of Binani Cement A Case Study

    The nclt referred the application back to the resolution professional (rp) to reconsider in accordance with the rules and regulations of the ibc. this led binani cement limited to prefer an appeal. company appeal no. 123, arising out of order dated 27th march, 2018, passed by nclt.

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  • Insolvency: Nclt Asks For Selection Details In Binani
    Insolvency: Nclt Asks For Selection Details In Binani

    Insolvency: nclt asks for selection details in binani cement case news and related update by business standard . markets today top gainers adanigreen 5.00. lupin 3.60. top losers hcltech 2.68. hindzinc 1.98. discover: search filings new investor presentations.

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  • A Crossjurisdictional Analysis Of Prepackaged Insolvency
    A Crossjurisdictional Analysis Of Prepackaged Insolvency

    In the binani cements case, the supreme court struck down the nclts decision to allow the parties to the proceedings to arrive at an out of court settlement. similarly, in the essar steel 9 case, the argument of the corporate debtor that it was involved in debt restructuring discussions with the creditors was rejected by the nclt as a.

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  • Nclt Appoints Administrator To Take Over Binani Cement
    Nclt Appoints Administrator To Take Over Binani Cement

    Premium nclt has also rejected binani cements claim that rs97 crore in bad loans was minuscule compared with the braj binani groups total assets of rs14,000 crore. photo: ht 2 min read .

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  • Binani Cement Insolvency Proceedings By Bank Of
    Binani Cement Insolvency Proceedings By Bank Of

    The kolkata bench of the national company law tribunal (nclt) on tuesday admitted an insolvency petition against binani cement. bank of baroda (bob) had referred binani to the bankruptcy court.

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  • Binani Cement Deal: Nclt Allows Dalmia Bharat To Match
    Binani Cement Deal: Nclt Allows Dalmia Bharat To Match

    Binani cement deal: nclt allows dalmia bharat to match ultratechs bid. we are surprised by the order passed by the nclt today. the rp and committee of creditors (coc) followed the due process of law in approving the plan of rppl in which no flaw has been found. in our view, any revised offer from an unsuccessful resolution applicant.

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  • Case Study : Performance Analysis Of Binani Cement
    Case Study : Performance Analysis Of Binani Cement

    Lenders, and the company being taken to nclt under the code. corporate insolvency resolution process (cirp) a. appointment of irprp pursuant to an application by the bank of baroda (applicant) filed before the nclt, kolkata bench (nclt) against binani cement limited in terms of section 7 of the insolvency and bankruptcy code, 2016 read with its.

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  • Binani Cement Insolvency: Ultratech Cement, Binani
    Binani Cement Insolvency: Ultratech Cement, Binani

    Binani cements journey towards insolvency resolution can be summed up as one step forward, two new speedbreakers ahead. last week, after the committee of creditors (coc) for the beleaguered firm voted in favour of the resolution plan submitted by the dalmia bharatbain piramal resurgence fund consortium, two fresh petitions were filed with the national company.

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  • Binani Cement Insolvency: Ultratech Cement, Binani
    Binani Cement Insolvency: Ultratech Cement, Binani

    The same day, and in a similar vein, binani industries moved the nclt asking that the coc meeting held on march 14 be declared null and void . the promoter of binani.

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  • Binani Cement Lenders Put Ball In Nclt Court
    Binani Cement Lenders Put Ball In Nclt Court

    A day after ultratech cement upped the offer to take over binani cement, lenders said they are awaiting the national company law tribunal (nclt) to take a call on the deal. bankers are following the due process under the insolvency and bankruptcy code (ibc) 2016, and waiting for nclt kolkata to take a call on the bid.

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  • Binani Cement's Msme Creditors Move Nclt
    Binani Cement's Msme Creditors Move Nclt

    3,979 q1 fy22 results declared nifty50 companies average yoy revenue changed by 48.52.

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  • Nclt Nudges Binani Cement Lenders For Outofcourt
    Nclt Nudges Binani Cement Lenders For Outofcourt

    The move comes after dalmia cement announced last week that it's rs 6,350 crore bid to buy binani cements has been accepted by the lenders. besides offering rs 6,350 crore, dalmia had also offered a 20 equity in binani to the lenders. lenders were planning to monetise the stake if the bid got accepted by nclt. test case for ibc.

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  • Nclt Asks Binani Cement's Coc To Consider Ultrattech's
    Nclt Asks Binani Cement's Coc To Consider Ultrattech's

    Read more about nclt asks binani cement's coc to consider ultrattech's revised bid on business standard. the nclt bench also directed the coc to consider dalmia bharat group's rppl resolution plan if it matches ultratech's offer.

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  • Binani War To Drag Further, Dalmia May Contest Nclt Order
    Binani War To Drag Further, Dalmia May Contest Nclt Order

    The dalmia bharat group expressed surprise over nclt's order asking binani cement's committee of creditors to consider the revised bid by ultratech. benchmarks nifty 17,895.20 104.85.

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  • Nclt Orders Binani Cement Lenders To Consider Ultratech
    Nclt Orders Binani Cement Lenders To Consider Ultratech

    The kolkata bench of national company law tribunal ordered binani cement committee of creditors (coc) to consider revised offer submitted by bharat cement and ultratech are competing to take over the assets of the company.. on april 21, ultratech cement, the unsuccessful bidder for binani cement, urged nclt to reject the offer by dalmia bharat.

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  • Nclt Asks Binani Cement Lenders To Consider Ultra Tech S
    Nclt Asks Binani Cement Lenders To Consider Ultra Tech S

    The revised bid from ultra tech has to be submitted within three days from today to the resolution professional to be placed before the binani cement coc, the nclt said. binani.

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