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ACIL insolvency: SC relief to lenders

The apex court said “it is well within the Committee of Creditors domain as to how to deal with the entire debt of the corporate debtor.” If after repeated negotiations, a resolution plan had been approved by the CoC with a majority vote of 88.56%, such commercial wisdom was not required to be called into question or casually interfered with, it added. ....

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Jmt Auto: NCLT okays Ramkrishna Forgings' bid to acquire Amtek Group arm, ET Auto

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 INR 125 crore to acquire JMT Auto, which has admitted financial liabilities of over INR 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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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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Team Ramakrishna Forgings Limited wins gold in National Kaizen competition

Team Ramakrishna Forgings Limited wins gold in National Kaizen competition | Corporate News | The Avenue Mail ....

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Ramkrishna Forgings Takes a Step Forward Towards Sustainability by Planning to set up 7.82 MW Solar Power Plant

Ramkrishna Forgings Limited has announced a significant step towards fulfilling its commitment of achieving carbon neutrality through an investment in renewable energy. ....

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