Search For "financial creditor"
Committee of Creditors likely to put resolution plan for Jaiprakash Associ
Updated : 7 months ago IST
Conglomerate Jaiprakash Associates Limited, which has been under deep financial stress along with several financial creditors and thousands of homebuyers, will soon see light at the end of the tunnel with the resolution process expected to conclude soon, sources in the know said Sunday.
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Lasa Supergenerics Limited Announces Successful withdrawal of Application
Updated : 1 year, 7 months ago IST
Mumbai (Maharashtra) [India], November 14: Lasa Supergenerics Ltd., a leading innovator in a vertically integrated group spanning the entire animal and human healthcare value chain, announces Insolvency Application which was filed by Financial Creditor (Bank of Baroda) against the company st
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NTPC acquires Jhabua Power Ltd through corporate insolvency resolution rou
Updated : 3 years, 9 months ago IST
New Delhi [India], September 6 (ANI): NTPC Ltd, an integrated power producer, has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT).
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SBI initiates insolvency proceedings against Bajaj Hindusthan Sugar
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 16 (ANI): The country's largest lender State Bank of India has initiated insolvency proceedings against Bajaj Hindusthan Sugar Limited, the company informed the stock exchanges on Tuesday.
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Creditors realise 221 per cent of liquidation value through insolvency res
Updated : 4 years, 2 months ago IST
New Delhi [India], March 15 (ANI): Financial creditors realised 221 per cent of liquidation value and 51 per cent of admitted claims through the corporate insolvency resolution process, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
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Promulgation of IBC ordinance to empower home buyers
Updated : 8 years ago IST
New Delhi [India] Jun 6(ANI): Ministry of Corporate Affairs Secretary Injeti Srinivas opined that with the promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, home buyers will now be given the status of financial creditors.
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President gives nod to ordinance treating home buyers as creditors
Updated : 8 years ago IST
New Delhi [India], Jun 6 (ANI): President Ram Nath Kovind on Wednesday gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, providing significant relief to home buyers by recognising their status as financial creditors.
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