Todays Writing Instruments says operational creditor fills application to initiate corporate insolvency resolution process Reuters.com Read the original article here
Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement group and a leading player in East India, has emerged as the SRA of Vadraj Cement Limited (VCL), currently undergoing Corporate Insolvency Resolution Process. The Resolution Plan submitted by Nuvoco has been approved by the Committee of Creditors (‘CoC’), and a Letter of Intent (LOI) has been…
Bonza is placed into voluntary administration as flights are cancelled and planes repossessed MSN Read the original article here
At a general meeting held today (6 January), an overwhelming majority of votes (94.2%) were cast in favour of the voluntary liquidation of the trust. As a result, FRP Advisory Trading’s Gareth Rutt Morris and Jonathan Dunn have been appointed joint liquidators of the trust. This morning, as part of the winding down process, Dunedin…
According to media reports, Adani Group, JSW Cement and ArcelorMittal were in the race to buy VCL, which had a total debt of Rs 7,000 crore owed to various lenders such as Union Bank of India, Central Bank of India, Indian Overseas Bank, Bank of India, and Bank of Baroda, besides PNB. Read the original…
Date published: 6 January 2025 The High Court has made a disqualification Order against the director of a company involved in repair and maintenance of aircraft and spacecraft. The Order was made for nine years against David Long (51) of no known residential address, in respect of his conduct as director of DL Aerospace Ltd…
LONDON – Dunedin Enterprise Investment Trust PLC has announced its entry into voluntary liquidation following a special resolution passed by shareholders at a General Meeting held today. The decision was approved by an overwhelming majority, with 94.21% of votes supporting the motion. The liquidation process will be overseen by Gareth Rutt Morris and Jonathan Dunn…
ISDN Holdings Limited Completes Voluntary Liquidation of Indonesian Subsidiary TipRanks Read the original article here
Nuvoco Vistas Corporation Ltd, the building materials division of the Nirma Group, on Monday (January 6) said it has emerged as the successful resolution applicant (SRA) in the corporate insolvency resolution process (CIRP) of Vadraj Cement Ltd (VCL). Company Value Change %Change The Committee of Creditors (CoC) has approved the resolution plan submitted by Nuvoco…
Nuvoco Vistas Corp Ltd has emerged victorious in the acquisition of Vadraj Cement Ltd, currently under corporate insolvency resolution. The Committee of Creditors has approved Nuvoco’s resolution plan, and a Letter of Intent has been issued. The acquisition will be managed through Vanya Corporation Pvt Ltd, a Nuvoco subsidiary. The company plans to finance…