Binani Cement Insolvency Case: BIL Asks Tribunal For 10 Days To Pay All Creditors
👍 Binani Industries asks tribunal for 10 days to pay all creditors.
👍 Judge says Binani Industries needs to submit the application in Supreme Court first.
👍 Judge says BIL application for paying off all debts cannot be taken in NCLT.
👍 Judge to first discuss petitions related to objections to committee of creditors (CoC) approval of resolution plan.
👍 SBI Hong Kong challenges resolution plan that proposes it take 90 percent haircut.
👍 Binani Industries shares decline 0.3 percent to Rs 84.30.
👍 Judge inquires why resolution professional has not presented UltraTech email offer to CoC.
👍 Resolution professional says CoC unanimously decided on Dalmia as H1 bidder.
