WebMay 9, 2024 · The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Birla Tyres Ltd in a case filed by multi-business … WebMay 17, 2024 · SRF is a Gurugram-based chemicals company and an operational creditor to Birla Tyres. The National Company Law Tribunal admitted SRF's petition against Birla Tyres under Section 9 of the Insolvency and Bankruptcy Code, 2016, which allows operational creditors to file an application for initiating insolvency proceedings against a …
Birla Tyres Limited
WebCorporate Insolvency Resolution Process (CIRP) is an extremely time-bound process with strict timelines Normal M&A cases may take years to be executed as there is no official set of policies guiding an M&A deal. CIRP on the other hand has stringent polices in place to ... Birla Tyres Limited is currently undergoing Corporate Insolvency ... WebMay 9, 2024 · On December 22, 2024, Birla Tyres sought some time to file a reply and sought adjournment. Again on February 28, 2024, the BK Birla group firm sought some … immature affection
NCLT orders insolvency proceedings against Birla Tyres
WebMar 22, 2024 · Birla Tyres, a part of the famous BK Birla Group of Companies and Kesoram Industries Ltd, has been dragged to the insolvency court by SRF Ltd for defaulting on a payment of Rs 15.84 crore. NCLT has ordered the initiation of insolvency proceedings against Birla Tyres Ltd in a case filed by multi-business chemicals firm SRF Ltd, an operational creditor of the BK Birla group firm. SRF had claimed a default in payment of Rs 15.84 crore, which includes a principal of Rs 10.06 crore and interest of 5.78 crore, for the supply of Tyre Cord Fabric as of July 8, 2024. WebMay 9, 2024 · Birla Tyres: SRF had claimed a default in payment of Rs 15.84 crore, which includes a principal of Rs 10.06 crore and interest of 5.78 crore, for the supply of Tyre … list of ships captains