Aban Offshore Insolvency Petition
Aban Offshore reported Rs.281 crore in unredeemed preference shares. The company remains under Corporate Insolvency Resolution Process as per NCLT directives.
- Value
- ₹281.0 Cr
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Aban Offshore reported Rs.281 crore in unredeemed preference shares. The company remains under Corporate Insolvency Resolution Process as per NCLT directives.
NCLT New Delhi approved the resolution plan submitted by Nanu Ram Goyal & Co. for subsidiary Ansal Crown Infrabuild. The subsidiary was under CIRP since April 2023.
Agarwal Coal Corporation filed an insolvency petition against Bihar Sponge Iron Limited at NCLT Kolkata. The company has not yet received a formal notice from the tribunal.
Winsome Yarns approved a ₹2.5 Crore preferential issue to Dhananya Capital. This issuance follows an NCLT-approved resolution plan involving significant capital reduction under IBC.
Oswal Overseas settled its dispute with LH Sugar Factories for Rs. 2.8 Crore. Consequently, NCLAT dismissed the insolvency appeal as withdrawn following the debt discharge.
Oswal Overseas reached an amicable settlement with L H Sugar Factories regarding insolvency proceedings. NCLAT directed the IRP to halt further steps pending withdrawal application.
Winsome Yarns fixed July 31, 2026, as the record date for capital reduction per NCLT order. Promoter shares will be extinguished, and public holding significantly reduced.
NCLAT dismissed Progfin Private Limited's appeal seeking insolvency proceedings against Ganesh Benzoplast. The dismissal provides relief regarding alleged defaults related to a subsidiary's credit facilities.
Kobo Biotech reports that Beaufond Industries failed to implement the NCLT-approved resolution plan by the July 10 deadline. A Monitoring Committee meeting is convened for further action.
NCLT Kolkata approved Vikas Garg's resolution plan for Carnation Industries Limited. The applicant acquired a 90% controlling stake, with remaining equity allocated pro-rata to public shareholders.
NCLT Kolkata dismissed NARCL's Rs.444.55 crore insolvency petition against McLeod Russel after a debt restructuring agreement. The creditor retains liberty to revive proceedings if restructuring fails.
Kanel Industries implemented an NCLT-approved Resolution Plan. Existing promoter shares were cancelled, and Ardent Ventures LLP was allotted a 95% stake as the new promoter.
NCLAT has officially closed the Corporate Insolvency Resolution Process (CIRP) against Prime Focus Ltd. The tribunal set aside the prior insolvency order following a settlement with creditors.
Radhagobind Commercial held its 10th CoC meeting to discuss CIRP progress and extension filings. Members also reviewed insolvency costs and interim finance requirements.
Lakshmi Precision Screws is undergoing CIRP with powers vested in the Resolution Professional. The Committee of Creditors has approved liquidation, pending NCLT adjudication.
NCLT approved a resolution plan for Asya Infosoft's revival. Authorized capital increased to Rs. 50 Crore following the July 2024 insolvency restructuring order.
NCLAT dismissed the promoter's appeal against the Corporate Insolvency Resolution Process of Simbhaoli Sugars. All interim stays are vacated, allowing the insolvency process to proceed.
AGS Transact Technologies announced its 15th Committee of Creditors meeting for July 16, 2026. The company remains under the Corporate Insolvency Resolution Process.
Reliance Home Finance scheduled its 12th Committee of Creditors meeting for July 14, 2026. The meeting continues the company's ongoing Corporate Insolvency Resolution Process.
NCLT approved JTL Industries' resolution plan for RCI Industries. The plan involves a Rs. 10 Crore capital infusion and restructuring the shareholding to 95% promoter ownership.
NCLT rejected Authum Investment's resolution plan for Vas Infrastructure Limited. The company reports no impact on its current business operations from this decision.
NCLT approved a resolution plan for SABEVENTS involving a ₹32.625 Crore capital infusion. The plan settles ₹4.53 Crore in debt and maintains the company's listed status.
Unitech International Limited reported outcomes from its 10th Committee of Creditors meeting. The CoC approved the appointment of professional firms and the removal of the auditor.
NCLAT has set aside the insolvency admission order and closed the CIRP against Prime Focus Limited. The moratorium is lifted and board powers are fully restored.
BIL Vyapar reported outcomes from its 14th CoC meeting under CIRP. Key agendas included asset tracing, resolution plan discussions, and ratification of Rs. 0.07 Crore expenses.
NCLT Mumbai orally approved the Resolution Plan for SAB Events under the Pre-Packaged Insolvency Resolution Process. The company is awaiting the detailed written order.
Sathlokhar Synergys E&C Global Ltd disclosed a Rs.3.65 Crore default amount tied to its Chairman's guarantee under insolvency proceedings. NCLAT stayed the NCLT order pending further hearing.
Mohini Health & Hygiene completed a Rs. 142.90 Crore payment for the Winsome Yarns resolution plan. Acquisition proceeds through subsidiary Dhananya Capital Private Limited.
Neueon Corporaton implemented an NCLT-approved resolution plan, allotting a 90% stake to Preca Structures. The company received trading approvals and reclassified erstwhile promoters.
NCLT Mumbai Bench has admitted an insolvency petition against Future Consumer Limited. The petition was filed by Resurgent India Special Situations Fund under Section 7 of IBC.