WebMay 6, 2024 · The application filed by SRF, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against Birla Tyres, the corporate ... WebMay 9, 2024 · "The application bearing... filed by SRF Ltd, the Operational Creditor, under section 9 of the Insolvency & Bankruptcy Rules, 2016 for initiating CIRP against Birla …
NCLT admits insolvency application against Birla Tyres
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 … 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 ... billy\\u0027s tip n inn white lake mi
Birla Tyres Announcements - Business Standard News Page 1
WebBirla Tyres Limited vs Reserve Bank Of India & Ors on 9 July, 2024. ... The authorities under the Insolvency and Bankruptcy Code are equally competent to assess the propriety of the decision of the Bank to treat its accounts as NPAs and recall the advances to the petitioner, in the light of the decision in the case of Small Scale Industries ... WebBirla Tyres Limited has announced plan to restructure the Tyre Business by way of scheme of arrangement involving demerger of Passenger Car Radial Tyres business and compromise & arrangement with its creditors. ... Under the Insolvency and Bankruptcy Code, 2016 employees are considered under the category of the operational creditors. ... billy\u0027s toyota and lexus parts