The Twenty-Fifth meeting of the Committee of Creditors of the Corporate Debtor was held on 22 May 2019 at 1:00 P.M. at Ambition Room, Grant Thornton India LLP, 16th Floor, Tower II, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone (W), Mumbai 400013, India. The outcome of the meeting is summarised as herein below: 1. The…
Notice of 12th Meeting of Committee of Creditors of SOUTHERN ONLINE BIO TECHNOLOGIES LIMITEDNotice along with Agenda for the 12th Meeting of the Committee of Creditors of Southern Online Bio Technologies Limited (under Corporate Insolvency Resolution Prodess) under the provisions of The Insolvency and Bankruptcy Code, 2016 read with Insolvency and Bankruptcy Board of India…
This is to inform you that the 18th Meeting of Committee of Creditors (CoC) was held on 01st June, 2019. In the meeting, Authorised Representatives from SDPL and KDPL (Resolution Applicants) were invited for declaration of H 1 & H 2 bidder. On the basis of scoring as per the Evaluation matrix: Som Distilleries Private…
Tata Steel Saturday announced that it has completed the acquisition of debt-ridden Bhushan Energy Ltd. The announcement came after the National Company Law Tribunal (NCLT) approved the resolution plan of Tata Steel to acquire Bhushan Energy for around Rs 800 crore. “We wish to inform you that Tata Steel BSL Ltd has successfully completed the…
In the past couple of years, India has witnessed quick resolutions for tackling non-performing stressed assets (NPAs) and debts in India, including its restructuring thereof, by providing a powerful tool to the financial and operational creditors in the form of the Insolvency and Bankruptcy Code, 2016 (the IBC, 2016). The effective reforms in the IBC,…
Quick Take Cryptopia, a New Zealand based crypto exchange, filed for liquidation after suffering a serious hack and failing to recover the stolen assets The exchange stored its customer data with Arizona-based company PNAP, but after liquidation, did not receive satisfactory assurance that the data would remain secure without payment Cryptopia filed a Motion for…
New Delhi: Tata Steel on Saturday announced it had completed the acquisition of debt-ridden Bhushan Energy Ltd. The announcement came after the National Company Law Tribunal (NCLT) approved the resolution plan of Tata Steel to acquire Bhushan Energy for around 800 crore. “We wish to inform you that Tata Steel BSL Ltd has successfully completed…
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule III of Listing Regulations, we wish to inform you that the First meeting of the Committee of Creditors (CoC) was conducted on 30…
This is to inform you that, the 7th meeting of the Committee of Creditors of Jaihind Projects Limited is held on today, Friday, May 31, 2019 at 3.00 P.M. IST at 5A Vardan Tower, Near Vimal House, Lakhudi Circle, Ahmedabad 380014 and decided to extend the time for submission of Resolution Plans by the resolution…
We hereby intimate you that CIRP has been initiated in respect of Silveroak Commercials Limited (the company) under the provisions of Insolvency and code 2016 (IBC) by an order of National Company Law Tribunal with effect from 2nd May 2019.As per section 17 of IBC 2016, the powers of the board of directors stands suspended,…