binani cement


Binani Industries offers to pay 100% claims of debtors

May 16 2018

Binani Industries offered to clear the 100 per cent claims of creditors at the National Company Law Appellate Tribunal.

Binani CoC likely to discuss UltraTech bid on May 9

May 07 2018

The Binani Committee of Creditors (CoC) is likely to meet on May 9 and discuss the revised bid of Ultra Tech Cement valued at around Rs 7900 crore for the debt-laden Binani Cement.

NCLT suggests IBBI review insolvency code regulations

May 06 2018

NCLT has suggested to IBBI that there is a need to review the insolvency code regulations to ensure that they are not "misused or misinterpreted".

NCLT asks Binani Cements CoC to consider UltratTech's revised bid

May 02 2018

The Kolkata bench of National Company Law Tribunal (NCLT) today directed the committee of creditors (CoC) of Binani Cement to consider the revised bid of UltraTech.

Changes to insolvency law to be prospective, says MCA official

Apr 04 2018

Injeti Srinivas said that the amendments, as and when implemented, would be prospective in nature.

NCLAT allows parties to settle dispute over Binani Cement sale

Apr 03 2018

NCLAT allowed the parties in dispute over selling of debt-ridden Binani Cement to amicably settle the dispute.

UltraTech says Binani Cement creditors back its Rs 72.6 bn bid

Mar 21 2018

Top Indian cement maker UltraTech said on Tuesday it had secured backing from some creditors of Binani Cement to buy the firm for $1.1 billion.

Ultratech makes Rs 7266-cr out-of-court offer to Binani Cement

Mar 19 2018

Ultratech Cement made an offer to take over loan defaulter Binani Cements for Rs 7,266 crore, posing a challenge to the nascent bankruptcy resolution process.

UltraTech to buy Binani Cement, seeks end to insolvency proceedings

Mar 19 2018

UltraTech said it has entered into an agreement with Binani Industries to buy 98 pc stake in its debt ridden subsidiary BCL which is going through insolvency proceedings.

India Week Ahead: Macroeconomic data hearing to guide the markets

Mar 12 2018

Indian market slipped to close in the red for the week ending Friday. A look at some events which will guide the markets for the week:

Indian Markets


    35,432.39 114.94   (-0.32 %)

    10,741.10 30.95   (-0.29 %)

Global Markets


Stocks In News



I-T department probing acquisition of Chanda Kochhars Mumbai Residence

I-T department looking into acquisition of the residence by Deepak Kochhar

Acquisition of residence said to be linked to firms of Videocon group

Indian Express Reports


3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune

Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers

Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr


RITES IPO subscribed 0.6x on day 1

Fine organic industries IPO subscribed 0.12x on day 1


SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank

B Sriram is the longest serving PSB MD

B Sriram Has Experience In Managing Stressed Assets


Wins bid for Connaught Place in Delhi

Taj Group wins 33-year lease for Connaught Hotel in E-auction

Offered to share 31.8% of annual revenue earned with civic body


Have not received any notice from ED on FEMA violations


U.S. to levy tariff on Indian welded pipes

U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India

China, South Korea, & Turkey to also face duties from U.S.

U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017

U.S. International Trade Commission scheduled to make a final decision By Dec 20

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