👍 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.
Binani Cement Insolvency Case: SBI Hong Kong Challenges Resolution Plan 👍 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 …
Gold Silver Reports (GSR) – Binani Cement Will Apply For Termination Of Insolvency As UltraTech Takeover Looms — Debt-laden Binani Cement Ltd. will apply to the National Company Law Tribunal for termination of its insolvency proceedings after UltraTech Cement Ltd. signed a pact with its parent to buy the cement maker.