Mantra Properties, Ashdan Developers in final race to acquire DS Kulkarni under insolvency process 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.
Last week, the companys committee of creditors (CoC) comprising lenders and homebuyers had voted in favour of a seven-day extension to bidders to revise their plans. Both the bidders were expected to submit their plans on Friday (today). This was the fifth time the resolution plans were getting revised.
The Insolvency Resolution Professional will also file an application on behalf of the CoC before the Supreme Court to seek additional 30 days until July 7 to complete the corporate insolvency process of the company.
The High Court of Karnataka has said that the provisions of the Karnataka Protection of Interest of Depositors in Financial Establishment (KPIDFE) Act, 2004, cannot be invoked against a company after
Jaypee Infra creditors reject NBCC s bid as non-compliant with IBC 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.