India Steel Works: Bankruptcy court admits insolvency plea against listed firm India Steel Works 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.
NCLT Mumbai approved Sapphire Media s plan for Big 92.7 FM, paying Rs. 261 crore to creditors. The resolution process began in February 2023 under the Insolvency and Bankruptcy Code, with a creditors committee approving the plan on November 11, 2023.
NCLT approves resolution plan of Sapphire Media Ltd for Big 92 7 FM indiantelevision.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiantelevision.com Daily Mail and Mail on Sunday newspapers.
NCLT okays Sapphire Media s resolution plan for Big 92 7 FM adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
The National Company Law Tribunal (NCLT) declared the resolution plan by Wadhwa Buildcon LLP s promoters invalid, citing conduct issues by the Resolution Professional (RP) and the promoters being declared wilful defaulters. Bank of India, the company s financial creditor, raised concerns about irregularities in the approval process, leading to the plan s rejection. NCLT found the voting dynamics skewed, favoring homebuyers over financial creditors due to RP s actions.