Jbf nclt
WebMar 16, 2024 · New Delhi: India's largest gas firm GAIL has won a nod of the country's bankruptcy court to acquire insolvent private-sector chemical company JBF … WebMar 14, 2024 · India’s bankruptcy court Monday approved Gail Ltd's resolution plan of Rs 2101 crore for JBF Petrochemicals, in a rare instance of a government-owned entity …
Jbf nclt
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WebMar 14, 2024 · The National Company Law Tribunal (NCLT) has approved the state-owned GAIL’s Rs 2,079 crore resolution plan for JBF Petrochemicals, which owed Rs 7,918 crore … WebApr 18, 2024 · JBF PETROCHEMICALS LIMITED ... (“NCLT”) in respect of Company Petition No. (IB) 232/AHM/2024 with IA 496 of 2024, and the insolvency commencement date under the Code is 28 January 2024 (which is determined as per order of NCLT Ahmedabad dated 28 January 2024 in CP IB 232/AHM/2024 with IA 496 of 2024 and the ...
WebNov 18, 2024 · JBF Petrochemicals Limited – NCLT Ahmedabad Bench Posted by IBC Laws EditorSV on January 15, 2024 May 3, 2024 in IBC-Case Laws-NCLT It is found that the operational creditor has not filed copy of invoice, copy of delivery challan etc. to substantiate supply of goods in question against which the claim has been raised. WebMar 14, 2024 · NCLT Approves GAIL's Rs 2,079 Crore Resolution Plan For JBF Petrochemicals. For the unsecured creditors and operational creditors, the recovery is much lower at 5.7% and 6.9%, respectively. PTI @ PTI_News. ... JBF Petrochemicals, a subsidiary of polyester producer JBF Industries, was set up in September 2008 to operate a planned …
WebMar 15, 2024 · In a stock exchange filing, GAIL (India) Ltd said the Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the resolution plan it had … WebMar 16, 2024 · The plant, which is a backward integration project for JBF Industries' polyester plants, was commissioned in 2024 but stopped operations after the company …
WebOct 8, 2024 · JBF Petro lenders get two offers for $463.38 million of outstanding loans The bids by Asset Care & Reconstruction Enterprise and Dubai-based Citax Energy equate to 35 paise and 41 paise,...
WebMar 15, 2024 · GAIL (India) Limited has received the approval for a ₹2,079 crore resolution plan for JBF Petrochemicals from the National Company Law Tribunal (NCLT). JBF Petrochemicals owed ₹7,918 crore to a consortium led by IDBI Bank. Union Bank of India, Bank of Baroda, Exim Bank and Indian Overseas Bank are among other secured lenders of … timepicker backgroundWebMaharatna PSU GAIL to take over JBF Petrochemicals as NCLT clears its Rs 2079 cr resolution plan. Following NCLT clearance GAIL became the second PSU after Indian Oil Corporation, which has successfully taken over a bankrupt private … time picker canvas appsWebCase Name: JBF Industries Ltd. Vs. Mr. Anup Kumar Singh RP of Suryachakra Power Corporation Ltd. 14 May JBF Industries Ltd. Vs. Mr. Anup Kumar Singh RP of Suryachakra Power Corporation Ltd. – NCLT Hyderabad Bench IBC Laws Editor May 14, … timepicker codepenWebMar 15, 2024 · Updated On Mar 15, 2024 at 07:52 AM IST. The National Company Law Tribunal ( NCLT) has approved the state-owned GAIL's Rs 2,079 crore resolution plan for … timepicker code for angularWebThe National Company Law Tribunal (NCLT) has approved the state-owned GAIL's Rs 2,079 crore resolution plan for JBF Petrochemicals, which owed Rs 7,918 crore to a consortium … timepicker classWebMar 14, 2024 · 2 min read Last Updated : Mar 14 2024 11:08 AM IST. The National Company Law Tribunal (NCLT) has approved the state-owned GAIL's Rs 2,079 crore … timepicker cssWebOct 17, 2024 · JBF Petrochemicals has a total outstanding debt of Rs 5000 crore, with IDBI Bank having the highest exposure. The company was admitted to NCLT in February this year. The GAIL offer works out to... time picker custom