Tag Archives: NCLT

Adani Power gets Letter of Intent from NCLT Ahmedabad, for porposed acquisition plan of Chhattisgarh based Korba West Power Co

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update statement, Ahmedabad headquartered diversified business activities group company – Adani Power Ltd said of the Company been awarded the Letter of Intent (“LOI”) for M/s. Korba West Power Company Limited (“KWPCL”). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency

NCLT Ahmedabad nods merger of Aditya Birla Commodities with Aditya Birla Money

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Monday, Aditya Birla Money Ltd – Stocks & Securities arm of Aditya Birla Group said of having got nod from National Company Law Tribunal (NCLT) Ahmedabad to merge Aditya Birla Commodities  Broking Ltd with the company. Regarding proposed

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

Vimal Oil & Foods’ Creditors disapprove corporate involvency resolution plan

AHMEDABAD | MUMBAI | RAJKOT –  In a regulatory filing submitted to the Indian Bourses today, Ahmedabad and Mehsana headquartered Vimal Oil & Foods Ltd updated the exchange and investors on the corporate insolvency resolution process, stating committee of creditors has disapproved the resolution plan. Vimal Oil & Foods Limited has informed the Exchange pursuant

Meghmani Organic proposes to merge Finechem and Agrochem subsidiaries

AHMEDABAD | MUMBAI | RAJKOT – Meghmani Organics Ltd has informed the stock exchanges in India on Friday, August 17, 2018 regarding proposed amalgamation of Meghamani Finechem Ltd – a subsidiary company and Meghmani Agrochemicals Pvt Ltd, a wholly owned subsidiary company. The proposed amalgamation is subject to the approval of National Company Law Tribunal,

Idea gets DoT approval to increase FDI limit to 100% from 67.5%

GANDHINAGAR | MUMBAI | RAJKOT – Idea Cellular receives DoT (Department of Telecom) approval for increase in FDI limit to 100%, the company filing to the exchanges said. Idea Cellular Ltd. has received approval on its application to increase Foreign Direct Investment (FDI) limit in the company to 100%, from the current 67.5%, from the

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