NCLAT Fortnightly: Important orders on IBC (October 16 – October 31, 2023)
The article provides a brief look at important orders passed by the NCLAT under the IBC between October 16 and October 31, 2023.
Source: barandbench.com
Devi Trading News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Top News In Devi Trading Today - Breaking & Trending Today
vedanta: NCLT approves Vedanta's bid to acquire Meenakshi Energy
The Anil Agarwal company offered ₹1,440 crore against admitted claims of ₹4,625 crore, equating to a 31% recovery, distributed among lenders, trade creditors and employees.
Source: indiatimes.com
SREI Group Receives Report On Rs 3,025 Crore Fraud
Srei Equipment Finance said its administrator has received a report from transaction auditor about certain fraud transactions in 2019-20 and 2020-21
Source: ndtv.com
Srei Group Transaction Auditor Reports Rs 3 025 Cr Fraud In FY20 And FY21
The application has been filed before the NCLT under Section 60(5) and Section 66 of the Code on June 10, 2022, , Srei Equipment Finance
Source: businessworld.in
Srei group transaction auditor reports fraud of about Rs 3,025 cr
The Srei group companies, which are undergoing corporate insolvency resolution process, came under duress during the Coronavirus-induced lockdown, as non-payment from its customers led to asset-liability mismatches.
Source: businesstoday.in