Powtech Technopharm - Your Destination for Processing Technology - 29 - 25.9.2025 Nuremberg, Germany - Learn More
Powtech Technopharm - Your Destination for Processing Technology - 29 - 25.9.2025 Nuremberg, Germany - Learn More
Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
News National Company Law Tribunal allows bidders to settle dispute over Binani Cement

National Company Law Tribunal allows bidders to settle dispute over Binani Cement

Written by Global Cement staff 03 April 2018
  • Print

India: The National Company Law Appellate Tribunal (NCLAT) has allowed the companies fighting to buy Binani Cement to ‘amicably’ settle the dispute. The tribunal was hearing a petition filed by Binani Industries, which holds over 90% of Binani Cement, according to the Press Trust of India. It followed a suggestion by the National Company Law Tribunal of Kolkata that also asked Binani Cement to consider taking an out-of-court offer between the cement producer and its lenders.

A consortium led by Dalmia Bharat won an auction for Binani Cement with a bid of US$974m in early March 2018. However, UltraTech Cement then made a direct bid to Binani Cement a few weeks later.

Last modified on 04 April 2018
Published in Global Cement News
Tagged under
  • India
  • National Company Law Tribunal
  • Binani Cement
  • Legal
  • UltraTech Cement
  • Dalmia Bharat
  • GCW347
Flender

Related items

  • UltraTech Cement breaks ground on Cuttack expansion project
  • Former Mawmluh Cherra Cements plant may become tourist attraction
  • Birla Corporation to expand cement capacity
  • Prism Johnson increases grinding capacity with RLJ Cement upgrade
  • Tiruchi sends plastic waste to cement plants as alternative fuel
back to top
We Move Industries - Heko Group - Conveyor Solutions
“Loesche
Power, precision and performance! All in one machine. SR-MAX2500 Primary Shredder for MSW - Fornnax
AirScrape - the new sealing standard for transfer points in conveying systems - ScrapeTec
UNITECR Cancun 2025 - JW Marriott Cancun - October 27 - 30, 2025, Cancun Mexico - Register Now
Acquisition Asia carbon capture Cemex China CO2 concrete coronavirus data decarbonisation Export Germany Government grinding plant Holcim Import India Investment LafargeHolcim market Pakistan Plant Product Production Results Sales Sustainability UK Upgrade US
« September 2025 »
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30          



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement X
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
  • CemFuels Asia
  • Global CemBoards
  • Global CemCCUS
  • Global CementAI
  • Global CemFuels
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • LinkedIn
  • Facebook
  • X

© 2025 Pro Global Media Ltd. All rights reserved.