WebMar 16, 2024 · The plant, which is a backward integration project for JBF Industries' polyester plants, was commissioned in 2024 but stopped operations after the company … WebMaharatna PSU GAIL to take over JBF Petrochemicals as NCLT clears its Rs 2079 cr resolution plan. Following NCLT clearance GAIL became the second PSU after Indian Oil Corporation, which has successfully taken over a bankrupt private …
NCLT Ahmedabad Approves GAIL India’s Resolution Plan For JBF …
WebMar 15, 2024 · The National Company Law Tribunal (NCLT) has approved the state-owned GAIL's Rs 2,079 crore resolution plan for JBF Petrochemicals, which owed Rs 7,918 crore to a consortium led by IDBI Bank. WebMar 20, 2024 · 20 March 2024 8:30 AM GMT. NCLT Ahmedabad has approved a 2079 crore resolution plan of GAIL (India) Limited (“GAIL”) for JBF Petrochemicals under section 31 … dont print in spanish
JBF Petro lenders get two offers for $463.38 million of ... - MoneyControl
WebMar 15, 2024 · GAIL (India) Limited has received the approval for a ₹2,079 crore resolution plan for JBF Petrochemicals from the National Company Law Tribunal (NCLT). JBF Petrochemicals owed ₹7,918 crore to a consortium led by IDBI Bank. Union Bank of India, Bank of Baroda, Exim Bank and Indian Overseas Bank are among other secured lenders of … WebMar 15, 2024 · The National Company Law Tribunal has approved the state-owned GAIL's Rs 2,079 crore resolution plan for JBF Petrochemicals, which owed Rs 7,918 crore to a consortium led by IDBI Bank."We being satisfied approve the resolution plan submitted by GAIL (India) Limited.....the resolution applicant shall obtain necessary approvals required … WebNov 18, 2024 · JBF Petrochemicals Limited – NCLT Ahmedabad Bench Posted by IBC Laws EditorSV on January 15, 2024 May 3, 2024 in IBC-Case Laws-NCLT It is found that the operational creditor has not filed copy of invoice, copy of delivery challan etc. to substantiate supply of goods in question against which the claim has been raised. dont print warning python