Orchid Pharma’s promoter firm too goes under resolution process

The Chennai bench of the National Company Law Tribunal (NCLT) has ordered commencement of corporate insolvency resolution process (CIRP) … from Google Alert – Insolvency https://ift.tt/2JRlq2v File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Amtek lenders seek NCLAT approval for fresh bidding round

… 2017 admitted Corporation Bank's plea for initiation of the corporate insolvency resolution process against the Delhi-based auto-component maker. from Google Alert – Insolvency https://ift.tt/2UjiIH9 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Setback for Anrak as HC allows SBI to go ahead with insolvency process

HYDERABAD: In a major setback to Anrak Aluminium company, the Telangana high court on Thursday allowed an appeal filed by RBI and allowed … from Google Alert – Insolvency https://ift.tt/2JPcHOf File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Mid air turbulence: Change in Jet Airways ownership a test case for the extended insolvency …

The transfer of control in Jet Airways from the airline's promoter Naresh Goyal to a consortium of lenders led by State Bank of India marks an inflection … from Google Alert – Insolvency https://ift.tt/2UmhZ7S File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT reads insolvency rules at Orchid Pharma’s promoter group firm

The insolvency resolution procedure will be applied on Orchid Healthcare, a promoter group company of Chennai-based Orchid Pharma, which is … from Google Alert – Insolvency https://ift.tt/2JNJKSO File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

RCom against closing insolvency plea, Ericsson wants it withdrawn

The RCom-Ericsson spat continued in the Supreme Court with the Swedish company insisting it should be allowed to close insolvency proceedings … from Google Alert – Insolvency https://ift.tt/2UmhPgM File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Lenders ask for fresh round of bidding for Amtek Auto at NCLAT

NEW DELHI: Lenders of Amtek Auto on Thursday sought permission from the NCLAT to conduct a second round of bidding for the debt-ridden auto … from Google Alert – Insolvency https://ift.tt/2JO80Ey File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

RCom Vs Ericsson: Round Two Begins At The Supreme Court

The Anil Ambani-group company sought to withdraw its objection to the insolvency application filed by Ericsson. The Swedish telecom equipment … from Google Alert – Insolvency https://ift.tt/2UgDS8N File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT sees violation of Sec 29(A) in Sterling Biotech case

On March 7, ninety per cent of the Committee of Creditors (CoC) decided to withdraw insolvency proceedings against Sterling Biotech under Section … from Google Alert – Insolvency https://ift.tt/2JKPD35 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Even British Airways and Philips stand to lose money in India’s biggest financial scandal of 2018

… process of troubled infra lender IL&FS, a number of well-known companies are trying to get their voices heard in the insolvency proceedings. from Google Alert – Insolvency https://ift.tt/2UgOfJF File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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