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Kesoram Industries' appeal against the National Company Law Appellate Tribunal's Kolkata ruling rejected its claim of being a financial creditor of Birla Tyres Ltd. The tribunal ruled that Kesoram failed to prove the transaction was a deposit or loan, and therefore, the adjudicating authority did not commit any error in rejecting the appellant's application.
Kesoram Industries' appeal against the National Company Law Appellate Tribunal's Kolkata ruling rejected its claim of being a financial creditor of Birla Tyres Ltd. The tribunal ruled that Kesoram failed to prove the transaction was a deposit or loan, and therefore, the adjudicating authority did not commit any error in rejecting the appellant's application.
Indian companies, big and small, are scrambling to figure out how they can make the most of the EV battery technology in differentiated ways.
The National Company Law Tribunal, Kolkata Bench has approved the Resolution Plan submitted by Dalmia Bharat Refractories Limited and Himadri Speciality Chemicals Limited in respect of Birla Tyres Limited.
Birla Tyres: The chairman and MD of Himadri Chemicals, Anurag Choudhary pointed out that in the next year, its passenger radial will hit the market along with other products. Choudhury also indicated that rather than going for original equipment tie-ups with automobile manufacturers it would now concentrate on the high-margin replacement market.