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NCLT okays Metalysts Forgings acquisition by Deccan value-led group, ET Auto

"It (resolution plan) shall be binding on the corporate debtor (Metalysts Forgings), its employees, members, and creditors, including the central government, any state government or any local authority to whom a debt in respect of the payment of dues arising under any law for the time being in force is due, guarantors and other stakeholders involved in the resolution plan," the division bench of justice VG Bisht and technical member Prabhat Kumar said in its May 14 order.

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NCLT okays Metalysts Forgings acquisition by Deccan value-led group

NCLT okays Metalysts Forgings acquisition by Deccan value-led group
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Prabhat kumarDinkar venkatasubramanianSupreme courtNational company law appellate tribunalNational company law tribunalLiberty house groupDeccan group et bureauMetalysts forging acquisitionDeccan value led groupAmtek autoMetalysts forgingsMetalyst forgingDeccan value investorsArvind dham promotedBharat forgeValue investors

Resolution winner is bound by plan, SC rules in Metalyst Forgings case

Resolution winner is bound by plan, SC rules in Metalyst Forgings case
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Dbs Bank Limited Singapore vs Ruchi Soya Industries Limited on 3 January, 2024

Dbs Bank Limited Singapore vs Ruchi Soya Industries Limited on 3 January, 2024
indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.

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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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