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 … WebJan 11, 2024 · 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 ...

IndusInd Bank invokes 14.6 million pledged shares of Birla Tyres

WebMay 18, 2024 · Private sector lender IndusInd Bank has invoked around 14.6 million pledged shares of BK Birla group company Birla Tyres, amounting to 10.21% of the total equity share capital of the insolvent ... Webwith rule 6(1) of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for initiating CIRP against Birla Tyres Limited, the Corporate Debtor, is admitted . b. There shall be a moratorium under section 14 of the IBC. c. The moratorium shall have effect from the date of this order till the smart cart battery pen

Kolkata Bench of NCLT initiates insolvency proceedings against Birla

WebInvitation for Expression of Interest for Birla Tyres eLimited 3 P a g 2. TIMELINE OF SUBSEQUENT PROCESSES/EVENTS: The brief particulars of the Invitation for Expression of Interest, pursuant to Regulation 36B (7) of the Insolvency Resolution Process for Corporate Persons Regulations, 2016 (“CIRP Regulations”), published in newspaper on … WebMay 9, 2024 · Kolkata, May 9 (PTI) The insolvency proceedings against Birla Tyres Ltd by the National Company Law Tribunal (NCLT) will “derail” the revival process that has … WebMay 9, 2024 · Admits petition filed by SRF claiming a default in payment of ₹15.84 crore. The Kolkata Bench of National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Birla Tyres, a ... hillary russia