Tag Archives: creditors

ADAG led RComm urgently approves release of Rs.2.6 bln to Ericsson

MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses, Reliance Communications group has requested urgent approval from its lenders to release approx. Rs.260 crore (2.6 billion) received from Income Tax refunds, lying in its bank account, directly to Ericsson. A sum of Rs.118 crore (1.18 billion) has already been deposited with

NCLT nods scheme arrangement for Arvind Group companies

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Arvind Ltd said of having got nod from NCLT for scheme of arrangement between Arvind Ltd, Arvind Fashions Ltd, Anveshan Heavy Engineering Ltd and The Anup Engineering Ltd. Today the Hon’ble National Company Law Tribunal, Bench at Ahmedabad (“NCLT”) has

Tribunal OKs Avenues (India) Pvt Ltd’s amalgamation with Infibeam

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – Gandhinagar-Ahmedabad headquartered retail player Infibeam Incorporation Ltd has informed the Stock Exchanges in India regarding the amalgamation of Avenues (India) Private Ltd into the company, the filing to the Indian Exchanges today said. National Company Law Tribunal (NCLT), Ahmedabad Bench vide its order dated May 7, 2018 (receipt on

AB Nuvo shareholders to meet on April 10 at Veraval (Gujarat) to give nod to AB Nuvo, Grasim Ind merger

VERAVAL | MUMBAI | AHMEDABAD | RAJKOT – Meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of Aditya Birla Nuvo Ltd is scheduled to on 10th April, 2017 at Auditorium in Indian Rayon Compound located at Veraval in Gujarat State, the registered office of Aditya Birla Nuvo Ltd, the company update said. E-Voting