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nclt

NCLT approves Raymond group entities’ strategic demerger, amalgamation

by Ron Morgan
NCLT approves Raymond group entities’ strategic demerger, amalgamation

The National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, …

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NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

by Horatio Thompson
NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the …

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Tata Motors to split into 2 listed companies

by Horatio Thompson
Tata Motors to split into 2 listed companies

Mumbai: Tata Motors Ltd will split into two listed businesses comprising the commercial vehicle and the passenger vehicle businesses that includes its British luxury car unit Jaguar Land Rover (JLR). …

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NCLT okays Steel Strips Wheels’ acquisition of AMW Autocomponent

by Horatio Thompson
NCLT okays Steel Strips Wheels’ acquisition of AMW Autocomponent

Mumbai: The National Company Law Tribunal (NCLT) has approved the acquisition of AMW Autocomponent by listed automotive wheels manufacturer Steel Strips Wheels. The company had admitted liability of over ₹1,675 …

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Dalmia Bharat draws closer to taking over Birla Tyres

by Horatio Thompson
Dalmia Bharat draws closer to taking over Birla Tyres

New Delhi: Dalmia Bharat group is set to acquire Birla Tyres after creditors approved their resolution plan that proposes partial repayment of ₹1,100 crore of bank loans of the BK …

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NCLT okays Ramkrishna Forgings’ bid to acquire Amtek Group arm

by Horatio Thompson
NCLT okays Ramkrishna Forgings’ bid to acquire Amtek Group arm

The bankruptcy court has approved Kolkata-based Ramkrishna Forgings’ bid to acquire Amtek Group’s listed subsidiary JMT Auto through the corporate insolvency resolution process. Ramkrishna Forgings, also a listed firm, has …

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birla tyres: Dalmia Group submits revised debt resolution plan for Birla Tyres

by Horatio Thompson
birla tyres: Dalmia Group submits revised debt resolution plan for Birla Tyres

New Delhi: Dalmia Group firms have submitted a revised debt resolution plan for ₹1,100 crore of bank loans of Birla Tyres, which is undergoing insolvency resolution, according to people in …

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Zee-Sony Merger Approved by NCLT, Paving Way For Creation of $10 Billion Media Company

by Maya Ortiz
Zee-Sony Merger Approved by NCLT, Paving Way For Creation of  Billion Media Company

The National Company Law Tribunal (NCLT) on Thursday allowed the merger of Zee Entertainment Enterprises and Culver Max Entertainment (earlier known as Sony Pictures Networks India). This order by the …

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AMW Motors admitted for insolvency as Triton fails to implement revival plan

by Horatio Thompson
AMW Motors admitted for insolvency as Triton fails to implement revival plan

MUMBAI: The National Company Law Tribunal’s (NCLT) Ahmedabad bench has admitted Gujarat-based medium and heavy commercial vehicles maker AMW Motors for liquidation after its successful resolution applicant Triton Electric Vehicle …

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