bankruptcy court

NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

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NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition. The Mumbai bench of the National Company Law Tribunal (NCLT) has given its nod to Metalyst Forgings’ acquisition by Deccan Value Investors LP-led … Read more

Resolution winner is bound by plan, SC rules in Metalyst Forgings case

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Resolution winner is bound by plan, SC rules in Metalyst Forgings case

Mumbai: The resolution plan approved by the committee of creditors for an Amtek Auto subsidiary will be binding on the winning bidder that wanted to withdraw, India’s apex court has reiterated in its latest ruling on the Arvind Dham-promoted insolvent company. The Supreme Court overturned orders from a bankruptcy court and an appellate tribunal allowing … Read more