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NCLT okays Ramkrishna Forgings' bid to acquire Amtek Group arm

The bankruptcy court has approved Ramkrishna Forgings bid to acquire JMT Auto, a subsidiary of the Amtek Group, through the corporate insolvency resolution process. Ramkrishna Forgings will offer ₹125 crore to acquire JMT Auto, which has admitted financial liabilities of over ₹165 crore. This acquisition is seen as a positive development in the manufacturing sector and may lead to more acquisitions through the Insolvency and Bankruptcy Code (IBC). ....

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NCLT admits Cox & Kings Financial Services for insolvency resolution

NCLT admits Cox & Kings Financial Services for insolvency resolution
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Synopsis
This is the second listed firm promoted by Ajay Kerkar to be admitted under the Corporate Insolvency Resolution Process (CIRP) since the flagship firm and travel company Cox & Kings Ltd is also going through an insolvency resolution process.
Agencies
YES Bank had approached the Mumbai bench of the National Company Law Tribunal (NCLT) after the company defaulted on its dues of over Rs 445 crore.
The dedicated bankruptcy court has admitted the insolvency petition against Cox & Kings Financial Services Limited (CKFSL) and appointed Pardeep Kumar Sethi as interim resolution professional (IRP) for the company. ....

Ajay Kerkar , Urmila Kerkar , Janab Mohammed Ajmal , Pardeep Kumar Sethi , Cox Kings Financial Services Limited , Cox Kings Ltd , National Company Law Tribunal , Cox Kings Financial Services , Kings Financial Services Limited , Corporate Insolvency Resolution Process , Kings Ltd , Kings Financial Services , Chandra Bhan Singh , Rattan India Finance , ஜனாப் முகமது அஜ்மல் , காக்ஸ் கிண்ஸ் லிமிடெட் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , காக்ஸ் கிண்ஸ் நிதி சேவைகள் , கிண்ஸ் நிதி சேவைகள் வரையறுக்கப்பட்டவை , பெருநிறுவன நொடித்துப்போனது தீர்மானம் ப்ரோஸெஸ் , கிண்ஸ் லிமிடெட் , கிண்ஸ் நிதி சேவைகள் , சந்திரா பன் சிங் , ராத்தன் இந்தியா நிதி ,