HDIL insolvency: Financial creditors to meet on March 9-10 : Rashtra News #HDIL #insolvency #Financial #creditors #meet #March Financial creditors of HDIL will meet on March 9-10 to discuss bids for acquiring the crisis-hit realty firm through insolvency proceedings. In a regulatory filing on Saturday, HDIL's Resolution Professional Abhay N Manudhane informed that the "Twenty-Third
The NCLT stated that the resolution plan was submitted under the assumption that the company is classified as a micro, small, and medium enterprise (MSME), but determined that the promoters of the company are barred from submitting a resolution plan under the Insolvency and Bankruptcy Code (IBC). The NCLT also criticized the resolution professional for obtaining an MSME certificate to allow the entry of the defaulting promoters into the company.
Reliance Retail among prospective buyers for Future Enterprises thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Three companies, including Reliance Retail Ventures Ltd (RRVL), have been selected as " prospective" buyers for Future Enterprises, which is currently undergoing the Corporate Insolvency Resolution Process.