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Construction arm of Essar Group heads towards liquidation

The National Company Law Tribunal (NCLT) is said to be considering liquidation of the company after hearing arguments made by lawyers on behalf of the companys financial creditors, these people said. ....

Exim Bank , National Company Law Tribunal , Essar Group , Central Bank , Royal Partners , Essar Steel , Epc Construction , எக்ஷீம் வங்கி , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , கட்டுரை குழு , மைய வங்கி , அரச கூட்டாளர்கள் , கட்டுரை எஃகு ,

ARM Cement preparing for liquidation in September 2021

ARM Cement preparing for liquidation in September 2021
Written by Global Cement staff
29 April 2021
Kenya: Athi River Mining (ARM) Cement is preparing for liquidation and delisting from the Nairobi exchange following the failure of its administrators to revive operations. The East African newspaper has reported that PricewaterhouseCoopers advised liquidation in a letter of 19 April 2021. The joint administrators reached their conclusion based on the understanding the producer will not otherwise be able to settle in full with its creditors. The company plans to liquidate on 30 September 2021.
ARM Cement went into administration in August 2018 following a default on a loan. Its operations in Kenya were sold to National Cement in October 2019. China-based Huaxin Cement acquired its Tanzanian subsidiary Maweni Limestone in May 2020. In 2019 ARM Cement’s administrators fought an attempt by minority shareholders to ....

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IL&FS: Aggregate debt recovery target hiked to ₹61,000 crore

April 15, 2021
Group addresses debt of ₹43,000 crore till date
About ₹43,000 crore of debt of bankrupt Infrastructure Leasing and Financial Services (IL&FS) has been addressed and the new board and management expects that this would increase to ₹50,000 crore by end of September this year.
“The group has also enhanced its estimates of aggregate debt recovery to ₹61,000 crore – an increase of ₹5,000 crore over its earlier estimate of ₹56,000 crore,” said Uday Kotak, Chairman of the board of IL&FS on Thursday.
The increased estimate represents resolution of nearly 62 per cent of overall fund based and non-fund based Group debt of about ₹99,000 crore, as of October 2018. ....

Uday Kotak , Financial Services , Il Fs Group , Infrastructure Leasing , Il Amp Fs , ஊடாய் கோட்டக் , நிதி சேவைகள் , நான் L ஃப்ஸ் குழு , உள்கட்டமைப்பு குத்தகை , நான் L ஆம்ப் ஃப்ஸ் ,

GMM Pfaudler buys assets of HDO Technologies in liquidation - The Hindu BusinessLine

GMM Pfaudler buys assets of HDO Technologies in liquidation
Ahmedabad |
Updated on
March 16, 2021
GMM Pfaudler Limited has emerged as a successful bidder to acquire HDO Technologies Ltd’s assets in liquidation process. The technology process solutions provider will acquire the assets, including land, building, plant and machinery for a consideration of ₹58.46 crore.
The acquisition will enhance capacity and augment the capabilities in heavy engineering for GMM Pfaulder.
HDO Technologies Limited s manufacturing facility is spread across 11.9 acres in Vatva, Ahmedabad. The plant has seven manufacturing bays and is equipped to manufacture a wide range of heavy engineering equipment with a crane lifting capacity of 200 tonnes, deep-hole drilling, plate rolling capabilities, strip cladding capabilities. ....

Tarak Patel , Technologies Ltd , Pfaudler Ltd , Bankruptcy Code , Mumbai Bench , Managing Director , Heavy Engineering , Glass Lined , Gmm Pfaudler , Hdo Technologies , தாரக் படேல் , தொழில்நுட்பங்கள் லிமிடெட் , திவால்நிலை குறியீடு , மும்பை பெஞ்ச் , நிர்வகித்தல் இயக்குனர் , கனமான பொறியியல் , கண்ணாடி வரிசையாக ,

Boutique Children's Clothing Overstock Sale in Broussard

If you love to dress your child in boutique clothing, but can’t always afford the boutique prices, here is a chance for you to snag a couple of pieces at a discounted price. According to Macaroni Kid, Bargain Boutique Overstock will be in Acadiana to liquidate thousands of pieces of children’s boutique quality clothing, shoes, and accessories. They will have huge discounted prices on all of their pieces. The event will be held in Broussard at 101 Rolls Royce Drive on this Thursday, Friday, and Saturday, March 18th, 19th, and 20th.
The Bargain Boutique Overstock provides wholesale and discounted pricing to the public for 3 days only. Shoppers are encouraged to follow the “Bargain Boutique Overstock” Facebook page for more details, as well as information on how to enter to win VIP shopping. ....

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