Binani Cement Insolvency Case: BIL Asks Tribunal For 10 Days To Pay All Creditors

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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.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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