Latest Announcements

A.F. Enterprises Ltd's Board Meeting resolved to take necessary steps for resuming management and operations after the withdrawal of Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016.

McNally Bharat Engineering Company Limited has informed the Exchange about a favourable order passed by the Hon'ble National Company Law Tribunal, Kolkata Bench, allowing the Company's erstwhile Resolution Professional to avoid certain preferential transactions under Section 43 of the Insolvency and Bankruptcy Code, 2016. The Tribunal directed UCO Bank to refund INR 9.07 Crore to the Company and the Joint Venture entities to refund INR 15.18 Crore to the Company, in each case together with interest at 9% per annum from the date of the respective transaction till repayment.

Supreme Engineering Limited has informed the Exchange about the withdrawal of Corporate Insolvency Resolution Process (CIRP) as per Section 12A of the Insolvency and Bankruptcy Code, 2016. The Tribunal has allowed the withdrawal of CIRP, and the corporate debtor is taken out of the rigors of the CIRP process.

The National Company Law Tribunal, Cuttack Bench, has dismissed an application filed by Bhushan Power & Steel Limited against Nova Iron & Steel Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, dismissing the claim of a default amount of Rs.306.52 crores.

TV Vision Ltd has received an order from the National Company Law Tribunal, dismissing a petition filed by Swami Films Entertainment Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The proceedings initiated by the Operational Creditor stand disposed of.

TV Vision Ltd has received an order from the National Company Law Tribunal dismissing a petition filed by an operational creditor under the Insolvency and Bankruptcy Code, 2016. The proceedings initiated by the operational creditor have been disposed of.

TV Vision Ltd has received an order from the National Company Law Tribunal, Mumbai Bench, dismissing a petition filed by Swami Films Entertainment Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was filed against the company as an operational creditor. The proceedings initiated by the operational creditor have been disposed of.

Dalmia Bharat Ltd's subsidiary, Dalmia Cement (Bharat) Ltd, has been identified as the successful resolution applicant for Bhilai Jaypee Cement Ltd under the Corporate Insolvency Resolution Process. The resolution plan has been approved by the Committee of Creditors, and a Letter of Intent has been issued to the Resolution Professional.

Authum Investment & Infrastructure Limited has received NCLT approval for its resolution plan under the Insolvency and Bankruptcy Code, 2016, for the acquisition of Wind World (India) Limited. The resolution plan involves the consortium of Inox Neo Energies Limited and Authum Investment & Infrastructure Limited acquiring the IPP and power sale undertaking, and operations and maintenance business of WWIL, with a financial commitment of approximately INR 350,00,00,000.