On April 12, 2018, RIL and JM Financial jointly submitted a Resolution Plan for the corporate insolvency resolution process of Alok Industries Limited, the debt-ridden textile company from which lenders are claiming dues of over ₹230 billion.
“Pursuant to the order dated June 11, 2018 passed by the NCLT (Ahmedabad), the Resolution Plan was put to vote before the CoG of the company on June 20, 2018. Pursuant to the voting, the Resolution Plan has received the assent of 72. 192 per cent of the voting share of the CoG,” RIL said in a filing with the stock exchanges. (RKS)
Fibre2Fashion News Desk – India
| On 10th May 2021
India and European Union (EU) have agreed to resume negotiations for...
| On 10th May 2021
Leading UK retailers have smashed 2020 carbon reduction targets, with ...
US-based Champion Thread Company has not only recovered the losses it ...
Social media critical in regeneration of businesses
Money never disappears-it just finds new opportunities
Blockchains will be in heavy use by early adopters by 2025
Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...
The entertainment/character segment lead as the largest sector for the...
Founded by Chini Chouhan, her eponymous brand specialises in women's...
Non Woven Federation of India
The Non Woven Federation of India (NWFI), representing the regional...
INDA, a global association of the nonwoven fabrics industry, has been...
Michaela Griggs & Peggy Schulz
Founded in 1929, Barco Uniforms started as an apparel company for beauty...
Designer <b>Suman Nathwani</b> talks about her journey of opening a...
Abhishek Bajaj & Samiksha Bajaj
Samshek is a fashion forward tech brand which combines digital experience...
Sarah Denise Cordery
Sarah Denise Studio
Manchester, England-based Sarah Denise Studio provides relevant fashion...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to email@example.com.