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nclt

NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

by Adesola Mojo
NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the …

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Categories Automobile

Tata Motors to split into 2 listed companies

by Adesola Mojo
Tata Motors to split into 2 listed companies

Mumbai: Tata Motors Ltd will split into two listed businesses comprising the commercial vehicle and the passenger vehicle businesses that includes its British luxury car unit Jaguar Land Rover (JLR). …

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Categories Automobile

NCLT okays Steel Strips Wheels’ acquisition of AMW Autocomponent

by Adesola Mojo
NCLT okays Steel Strips Wheels’ acquisition of AMW Autocomponent

Mumbai: The National Company Law Tribunal (NCLT) has approved the acquisition of AMW Autocomponent by listed automotive wheels manufacturer Steel Strips Wheels. The company had admitted liability of over ₹1,675 …

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Categories Automobile

Dalmia Bharat draws closer to taking over Birla Tyres

by Adesola Mojo
Dalmia Bharat draws closer to taking over Birla Tyres

New Delhi: Dalmia Bharat group is set to acquire Birla Tyres after creditors approved their resolution plan that proposes partial repayment of ₹1,100 crore of bank loans of the BK …

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Categories Automobile

NCLT okays Ramkrishna Forgings’ bid to acquire Amtek Group arm

by Adesola Mojo
NCLT okays Ramkrishna Forgings’ bid to acquire Amtek Group arm

The bankruptcy court has approved Kolkata-based Ramkrishna Forgings’ bid to acquire Amtek Group’s listed subsidiary JMT Auto through the corporate insolvency resolution process. Ramkrishna Forgings, also a listed firm, has …

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Categories Automobile

birla tyres: Dalmia Group submits revised debt resolution plan for Birla Tyres

by Adesola Mojo
birla tyres: Dalmia Group submits revised debt resolution plan for Birla Tyres

New Delhi: Dalmia Group firms have submitted a revised debt resolution plan for ₹1,100 crore of bank loans of Birla Tyres, which is undergoing insolvency resolution, according to people in …

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Categories Automobile

AMW Motors declared insolvent after Triton’s revival plan falls through

by Adesola Mojo
AMW Motors declared insolvent after Triton’s revival plan falls through

MUMBAI: The National Company Law Tribunal’s (NCLT) Ahmedabad bench has admitted Gujarat-based medium and heavy commercial vehicles maker AMW Motors for liquidation after its successful resolution applicant Triton Electric Vehicle …

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Categories Automobile

Homebuyers in Lavasa will be required to cover the actual building cost

by Craig Fedirighi
Homebuyers in Lavasa will be required to cover the actual building cost

MUMBAI: The resolution plan approved by NCLT for Lavasa envisages the delivery of fully constructed properties to the homebuyers, within a period of five years of receiving environmental clearance on …

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Categories Business

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