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Alok Industries News
Alok Industries stocks surge for 9th straight day
Wed, Mar 20, 2019
The National Company Law Tribunal (NCLT) had approved the acquisition on March 8 and the stock has been hitting the upper circuit since then.
Alok Industries lenders slammed for accepting offer with deep haircut
Thu, Jun 28, 2018
The AIBOC said the RIL-JM combine has offered just Rs 5,050 crore for the acquisition of Alok Industries, which owes close to Rs 30,000 crore to a consortium of banks and operational creditors,
RBI cracks 3rd defaulter in first list of IBC; Reliance Industries will take over Alok Industries
Sat, Jun 23, 2018
RBI had identified 12 accounts for IBC in June 2017, which accounted 25% of banks gross NPAs that time.
Claims worth Rs 3.13 lakh cr under insolvency proceedings
Mon, Jan 29, 2018
In June last year, the Reserve Bank had identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs or bad loans of banks, for immediate referral for resolution under the bankruptcy law.
As Lanco Infratech walks towards NPA resolution; other defaulters' shares gain
Tue, Jun 20, 2017
Lanco Infratech becomes the first company to be pushed towards insolvency for its bad loans.
Shares of these 12 companies plunge as banks begin meet to resolve NPA issue
Mon, Jun 19, 2017
RBI had asked bankers to bring the identified 12 defaulters before NCLT by the end of this month.