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Total: 45 results found.

06

Dec 2018
UltraTech repays creditors of Binani Cement

First tranches of payment are expected to improve the sentiment on state-owned banks

23

Nov 2018
Binani Cement case sets precedent in India

Company tribunal creates jurisprudence regarding the Insolvency and Bankruptcy Code

21

Nov 2018
UltraTech Cement takes over Binani Cement

Binani has been reconstituted as a wholly-owned subsidiary  ...

20

Nov 2018
SC rules in favor of UtraTech in Binani Cement case

Apex court allows sale of Binani Cement to UltraTech to proceed  ...

14

Nov 2018
Appellate tribunal allows acquisition of Binani Cement by UltraTech

Decision will likely be appealed by Dalmia Bharat

03

Sep 2018
NCLAP reserves decision on Binani Cement

Written responses from UltraTech and Dalmia Bharat will be accepted until September 4

16

Aug 2018
Binani Cement resolution to include fine from CCI

Fine was imposed on 10 different cement manufacturers

26

Jul 2018
NCLAT to hear Binani Cement case in August

Supreme Court sent the case to NCLAT in July 2

11

Jul 2018
Binani Cement hearing delayed by the NCLAT

Hearing was rescheduled from July 8 to July 20

04

Jul 2018
Supreme Court moves litigation over Binani Cement insolvency

Cases were sent from the NCLT to the NCLAT

29

Jun 2018
Piramal Group, Aditya Birla fight over Binani Cement

Companies commented the process with PM Narendra Modi

27

Jun 2018
UltraTech prepares capital raise

Company wants to finance its expansion via debentures

25

Jun 2018
UltraTech may become largest cement maker in North India

Binani acquisition would put UltraTech ahead of Shree Cement in the north  ...

18

Jun 2018
Binani Industries tries to bail Binani Cement

Company wants to pay dues and regain control of the cement maker

11

Jun 2018
India's Supreme Court suspends Binani Cement's asset sale

Debt resolution process will be allowed to continue

05

Jun 2018
Dalmia Bharat's plea to halt Binani Cement second bid rejected

Decision was made by the Indian Supreme Court

29

May 2018
Binani Cement lenders approve UltraTech's bid

Revised offer from UltraTech was considered more fitting than that of Dalmia Bharat

25

May 2018
Dalmia Bharat advises Binani's CoC not to accept UltraTech's bid

Company will not present its own revised bid to compete with UltraTech's

24

May 2018
Dalmia Bharat not to revise bid on Binani Cement

Company will focus on legal battle, it announced

23

May 2018
Dalmia Bharat's appeal for status quo order on Binani refused

Decision comes from the National Company Law Appellate Tribunal

22

May 2018
Dalmia Bharat unlikely to revise bid on Binani

Company will maintain its legal struggle against the revised bid of UltraTech

21

May 2018
Binani Cement creditors ask for new bid by Dalmia Bharat

Creditors have reviewed the revised bid of UltraTech Cement

16

May 2018
Binani Cement's committee of creditors to review new bids

Bids will be passed by the resolution profession on a sealed cover

16

May 2018
Binani Industries offers to pay entire debt of cement subsidiary

Move would pull Binani Cement out of insolvency  ...

15

May 2018
Binani Cement's resolution professional to give comment on revised bids

Comment will not be followed by decision by the resolution professional

11

May 2018
The Battle for Binani Cement

The sale of the Indian cement maker’s assets to competitors has been heated from the start, and as the Supreme Court is called into the matter, the question in everyone’s minds is: what will the final ...

11

May 2018
Supreme Court refuses to rule on Binani Cement

Apex court will wait until appeal is heard at the lower court

10

May 2018
Dalmia Bharat goes to Supreme Court over Binani sale

Company contests decision by the National Company law Tribunal

07

May 2018
Dalmia Bharat maintains its offer on Binani Cement

Company will not revise its offer to meet the one from UltraTech

07

May 2018
UltraTech makes revised offer from Binani Cement

Offer was allowed by the National Company Law Tribunal

02

May 2018
Court wants Binani Cement lenders to consider UltraTech's proposal

Decision came from the Kolkata bench of the National Company Law Tribunal

26

Apr 2018
Binani Cement kept under resolution professional administration

Court decision extends moratorium period before liquidation

24

Apr 2018
Supreme Court denies relief to Binani Cement's operational creditors

Creditors include suppliers of coal and cement bags and logistic firms

23

Apr 2018
UltraTech contests resolution process of Binani Cement

Company accused lenders of conducting "fraudulent" auction

19

Apr 2018
Supreme Court rules against UltraTech's bid for Binani Cement

Court rejected plea from Binani Industries to exit bankruptcy procedure  ...

18

Apr 2018
Exim Bank contests Dalmia Bharat offer for Binani Cement

Under resolution plan proposed by Dalmia the bank would suffer a haircut

17

Apr 2018
Binani Cement lenders disagree over UltraTech's offer

Unsecured creditor Exim Bank shows support for the bid

16

Apr 2018
Binani Cement lenders call for forensic audit

Creditors question transparency and treatment of smaller players

13

Apr 2018
Binani Cement lenders to discuss UltraTech's bid

Results of the meeting were inconclusive

09

Apr 2018
UltraTech secures conditional support from Binani lenders

Support will depend on decision of the Supreme Court

05

Apr 2018
Binani Cement lenders ask for Supreme Court approval on UltraTech bid

Lenders have also asked UltraTech to make a commitment deposit

02

Apr 2018
Dalmia Bharat prepares for legal battle over Binani Cement

UltraTech is disputing the result of the auction in which Dalmia Bharat was declared the winner

28

Mar 2018
Regulator approves UltraTech bid for Binani Cement

Binani is making an offer outside of the bidding process  ...

24

Mar 2018
UltraTech secures support of some Binani Cement creditors over new bid

Company did not disclosure the names of those creditors

20

Mar 2018
Dalmia Bharat bets on inorganic growth

Binani Cement acquisition is crucial for the company's plans  ...

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