Gujarat Nre Coke
Gujarat NRE Coke promoter ineligible to negotiate with creditors: NCLAT
Allowing the appeal of Jindal Steel and Power, the National Company Law Appellate Tribunal (NCLAT) has held Arun Kumar Jagatramka, the promotor of Gujarat NRE Coke, not eligible to negotiate with the creditors of the debt-ridden company. A two-member bench of NCLAT headed by Chairperson Justice S J Mukhopadjaya said that as Jagatramka, who was ineligible to be a Resolution Applicant of the company under the Insolvency & Bankruptcy Code (IBC), cannot be allowed at this stage to negotiate with the creditors of Gujarat NRE Coke. Jindal Steel and Power, which is an unsecured creditor of Gujarat NRE Coke, had challenged an NCLT order that allowed the promoters to settle debts with its creditors. NCLT had given a go ahead to Jagatramka for "Financial Scheme of Compromise and Arrangement" with him and the company through its Liquidator, after holding the debts of shareholders, creditors etc. The appellate tribunal set aside the order passed on May 15, 2018, by the Kolkata bench of ...
 "Gujarat NRE Coke promoter ineligible to negotiate with creditors: NCLAT")
Workers, employees of Gujarat NRE Coke likely to move Supreme Court
The resolution plan was submitted by workers on December 30 whereas the 270-day deadline for the company ended on January 1
 "Workers, employees of Gujarat NRE Coke likely to move Supreme Court")
Gujarat NRE Coke files for bankruptcy
The share of the company was down 5.6 per cent to Rs 2.6 on BSE
 "Gujarat NRE Coke files for bankruptcy")
Gujarat NRE Coke Q4 net loss widens to Rs 352 crore
The company had posted a standalone loss of Rs 82.79 crore in the corresponding quarter previous fiscal
 "Gujarat NRE Coke Q4 net loss widens to Rs 352 crore")
