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NARCL places Rs 260 crore bid for Metenere's Rs 3,040 crore debt

Lenders will now hold a Swiss challenge auction on March 6, and have invited counter offers with a markup of Rs 15 crore over the anchor offer. NARCL, set up by government to acquire bad loans, will have the first right to match any counter offer. Metenere, undergoing corporate insolvency, is into lead recycling and makes non-ferrous products such as tin and aluminium. Its insolvency process, started in September 2020, is mired in litigation and, thus, it is not resolved yet. ....

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NCLAT Fortnightly: Important orders on IBC (December 16 – December 31, 2023)

The article provides a brief look at important orders passed by the NCLAT under the IBC between December 16 and December 31, 2023. ....

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