ð Binani Industries asks tribunal for 10 days to pay all creditors.
ð Judge says Binani Industries needs to submit the application in Supreme Court first.
ð Judge says BIL application for paying off all debts cannot be taken in NCLT.         Â
Binani Cement Insolvency Case: SBI Hong Kong Challenges Resolution Plan ð Judge to first discuss petitions related to objections to committee of creditors (CoC) approval of resolution plan. ð SBI Hong Kong challenges resolution plan that proposes it take 90 percent haircut. ð Binani Industries shares decline 0.3 percent to Rs 84.30. ð 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.