resolution plan - Samachar Central

NCLAT upholds Adani Goodhomes’ resolution plan for real estate company Radius Estates

2024-05-30 05:05 AM

NCLAT The National Company Law Appellate Tribunal (NCLAT) on May 27 upheld the resolution plan proposed by Adani Goodhomes to take over bankrupt real estate company, Radius Estates [Beacon Trusteeship Ltd v. Jayesh Sanghrajka & Ors and connected petitions] A coram of Chairperson Justice Ashok Bhushan and technical member Barun Mitra rejected the challenge raised …

NCLT okays Steel Strips Wheels’ acquisition of AMW Autocomponent

2023-10-15 12:13 AM

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 crore, whereas the successful bidder proposed to pay over ₹138 crore as upfront cash for the acquisition of the company. “The resolution plan so approved …