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Total 12 results found. Search for [ nclt order on ruchi soya ]

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PTI
November 20, 2019
A three-member NCLAT bench, headed by Chairperson Justice S J Mukhopadhaya, said a secured creditor cannot dissent with the resolution plan just to get more funds than other creditors and claim preference over other creditors


BusinessToday.In
New Delhi, September 9, 2019
Jack Ma to step down as Alibaba chairman on September 10Jack Ma, the Co-founder of the Chinese retail behemoth Alibaba, is officially stepping down as company chairman on September 10 -- the day the charismatic entrepreneur turns 55. As part of his post-retirement plan, the former English teacher-turned-businessman plans to spend a good amount of his vast fortunes (worth over $41 billion) on his first love -- education. Ma is leaving his multi-billion dollar e-commerce conglomer...


PTI
New Delhi, September 8, 2019
The amount will be infused in a special purpose vehicle 'Patanjali Consortium Adhigrahan Pvt Ltd', which will be later amalgamated with Ruchi Soya


Dipak Mondal
New Delhi, July 26, 2019
Out of Rs 4,350 crore, a sum of Rs 4,235 crore will go into paying different classes of creditors, and the remaining Rs 115 crore will be used for improvising operations of Ruchi Soya


BusinessToday.In
New Delhi, July 26, 2019
Ruchi Soya owes over Rs 9,345 crore to financial creditors led by State Bank of India, which has an exposure of Rs 1,800 crore, followed by Central Bank at Rs 816 crore, Punjab National Bank at Rs 743 crore and StanChart at Rs 608 crore and DBS at Rs 243 crore


BusinessToday.In
May 30, 2019
Patanjali is looking to raise debt with a maturity of five years and above from State Bank of India, Punjab National Bank, Bank of Baroda, Union Bank and Jammu & Kashmir Bank to fund its Rs 4,325 crore acquisition of Ruchi Soya. It hopes to generate Rs 600 crore through internal accruals.


PTI
May 10, 2019
A NCLT bench of judges VP Singh and Ravikumar Duraisamy said as they have not received a resolution plan within the time, leaving them with no other option but to order liquidation


PTI
May 10, 2019
The National Company Law Tribunal again sought clarity on Rs 600-crore of part-funding committed as internal accruals for the acquisition of Ruchi Soya by Patanjali


BusinessToday.In
May 3, 2019
The average resolution timeline for these 94 cases was 324 days as against the stipulated timeline of 270 days


PTI
December 23, 2018



Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


Nevin John
New Delhi, June 16, 2018
Under the Insolvency and Bankruptcy Code, the sale process has almost been completed in three cases -- Bhushan Steel, Electrosteel Steels and Monnet Ispat and Energy. There is less clarity in the other cases when the 270 day timeframe for resolution ends around now.


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