orissa manganese and minerals adhunik group related latest news
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orissa manganese and minerals adhunik group related latest news

Adhunik Metaliks: Adhunik group company gets new life ...

Mar 12, 2018  MUMBAI: The National Company Law Tribunal has dismissed an Odhisa order that had sought the stoppage of mining activity at Orissa Manganese Minerals, giving a fresh lease of life to the Adhunik group company that faces Rs 5,400 crore in unpaid debt claims at the insolvency court. The latest court order will help the bankrupt company obtain higher valuations from potential buyers.

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Orissa Manganese and Mineral Pvt Ltd Vs Adhunik Steel Ltd

Orissa Manganese and Mineral Pvt Ltd Vs Adhunik Steel Ltd. The Orissa High Court in this case was hearing an appeal petition challenging injunction order granted by the District judge in favour of the Respondent in relation to the termination of agency by the appellant on the ground of a violation of Rule 37 (1) (b) of the Mineral Concession ...

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Edelweiss ARC, Srei arm among bidders for Adhunik Group ...

Jan 23, 2018  Bankruptcy proceedings against Adhunik Metaliks, the flagship of the Adhunik Group, its subsidiary Orissa Manganese Minerals and group companies Zion Steel and Adhunik Alloys

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Orissa Manganese Minerals Ltd (Adhunik Group) Pellet ...

Orissa Manganese Minerals Ltd (Adhunik Group) Company. Orissa Manganese and Minerals Ltd. Promoter CMD/CEO/President : Name. Mr. Nirmal Kumar Agarwal. Designation. Director. Registered Address. IPICOL House, 3rd Floor Annexe Building, Janpath Bhubaneswar – 751022.

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Adhunik Steels Ltd. v. Orissa Manganese And Minerals (P ...

Adhunik Steels Ltd. v. Orissa Manganese And Minerals (P) Ltd. . P.K Balasubramanyan, J.— These cross-appeals by special leave challenge the order passed by the High Court of Orissa in an appeal under Section 37(1)(a) of the Arbitration and Conciliation Act, 1996.

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Adhunik Group

Created Date: 7/30/2015 6:07:52 PM

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Deepak Singh v. Orissa Manganese and Minerals Ltd. anr ...

44. According to Appellant- Mr. Deepak Singh, he has joined Adhunik group of Industries, the holding company of Orissa Manganese and Minerals Ltd. as the President- Group Head HR in E5 Grade with effect from the date effective from 2nd June, 2014 to 9th March, 2015 at the CTC of Rs. 55,00,000/-

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NCLT to hear Adhunik's plea for extension of insolvency ...

May 01, 2018  Latest News; Portfolio; ... petition filed by State Bank of India against Adhunik Metaliks and other group companies and subsidiaries, including Zion Steel and Orissa Manganese Minerals

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NCLT approves GMSPL plan for Orissa Manganese - Times of

Jun 22, 2018  NCLT approves GMSPL plan for Orissa Manganese; ... for revival of debt-ridden Orissa Manganese and Minerals Ltd, part of Adhunik Group. ... More Latest News.

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NCLT Cuttack orders liquidation of Adhunik Metaliks, group ...

Jul 08, 2019  The bankruptcy proceedings against Adhunik Metaliks, its subsidiary Orissa Manganese Minerals (OMML), and group company Zion Steel were admitted by the Kolkata bench of

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NCLT orders resumption of mining by OMML - The Financial ...

Mar 09, 2018  Related News. RBI Deputy Governor MK Jain gets 2-year extension ... the flagship firm of the Adhunik Group, subsidiary Orissa Manganese Minerals, Zion Steel, a promoter group

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Edelweiss ARC, Srei arm among bidders for Adhunik Group ...

Jan 23, 2018  Bankruptcy proceedings against Adhunik Metaliks, the flagship of the Adhunik Group, its subsidiary Orissa Manganese Minerals and group companies Zion Steel and Adhunik Alloys

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Adhunik Group: Three Adhunik companies get 90-day ...

Jan 13, 2018  The Kolkata chapter of India’s dedicated bankruptcy courts has given a 90-day extension to three companies of the Adhunik Group after the clock ran out for the natural resources conglomerate to reach a resolution on Rs 5,000 crore of outstanding debt. Adhunik Metaliks. NSE 0.00 %, Zion Steel, and Orissa Manganese and Minerals had failed to ...

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Adhunik to float mining arm, raise Rs1,000 crore

Oct 29, 2012  The Agarwals of Adhunik Group are planning to raise close to Rs1,000 crore of equity capital through an initial public offering (IPO) of shares in the group’s merchant mining arm Orissa Manganese Minerals Ltd and equity dilution in unlisted power arm Adhunik Power and Natural Resources Ltd as well as listed entity Adhunik Metaliks Ltd, according to sources in the know.

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liberty house: Adhunik Metaliks, bankers seek Liberty ...

Apr 25, 2018  Adhunik Metaliks has an unpaid loan of about Rs 5,000 crore. Other group companies and subsidiaries including Adhunik Alloys Power, Zion Steel and Orissa Manganese Minerals too are under insolvency proceedings. ET has learnt that Liberty House has also separately bid for one of the subsidiaries of the Adhunik Group.

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Adhunik pellet plant to start from Oct 24 Ranchi News ...

Oct 22, 2011  The 1.2 MTPA plant, built in record time by Orissa Manganese and Minerals Ltd, a subsidiary unit of Adhunik Group, is set up with an investment of Rs 500 crores.

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adhunik alloy News and Updates from The Economic Times ...

Mar 09, 2018  Adhunik Metaliks to sell stake in mining arm to PE funds 08 Mar, 2008, 12.00 AM IST. Adhunik Metaliks, which manufactures speciality steels for the auto industry, is in talks with a clutch of private equity (PE) players to offload 10-11% in a fully-owned subsidiary, Orissa Manganese Minerals

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manganese News and Updates from The Economic Times - Page 9

Aug 25, 2015  manganese News and Updates from The Economictimes. manganese News and Updates from The Economictimes. Benchmarks . Nifty 15,751.65 81.4. NSE Gainer-Large Cap . Adani Power 126.90 21.15.

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Adhunik Metaliks Director Report - Business Standard News

The Board of Directors of Orissa Manganese Minerals Limited (OMML) at theirmeeting held on 12 th May 2017 has issued and allotted 132110000 fully paid-upequity shares pursuant to conversion of 132110000 0.01% Cumulative CompulsorilyConvertible Non-Cumulative Preference shares and consequent to the said allotment theholding of Adhunik Metaliks ...

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Adhunik Metaliks RP seeks additional 20 days to consider ...

May 02, 2018  Bankruptcy proceedings against Adhunik Metaliks, its subsidiary Orissa Manganese Minerals and Adhunik Group companies Zion Steel and Adhunik Alloys Power, were admitted by the Kolkata bench of ...

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steel units in Orissa: Latest News Videos, Photos about ...

Jan 20, 2011  steel units in Orissa Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. steel units in Orissa Blogs, Comments and Archive News on Economictimes

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Adhunik Metaliks’ arm commences operations from Suleipat ...

Dec 26, 2011  Adhunik Metaliks’ 100% subsidiary - Orissa Manganese Minerals (OMML) has commenced mining excavation as well as the dispatches from the Suleipat iron ore mine pursuant to receipt of working permission. ... Adhunik Metaliks is the flagship company of the Kolkata-based Adhunik Group of Industries and is engaged in manufacturing of wide range ...

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Adhunik Metaliks to open 1.2 MT pellet plant in Jamshedpur ...

Jun 19, 2012  Adhunik Metaliks. , a manufacturer of automotive steels, is slated to commission a 1.2 million tonne pellet plant in Jamshedpur for merchant sales in the eastern region-home to the country's iron ore base. The 400-crore pellet unit has come up under Orissa Manganese and Minerals (OMML), a 100% subsidiary of AML.

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Adhunik to merge into arm to get it listed

Jul 24, 2013  Adhunik to merge into arm to get it listed - After two aborted attempts to come out with an initial public offering (IPO) of Orissa Manganese Minerals (OMML), the Agarwals of the Adhunik group are using the reverse merger route to get the merchant mining company listed. Adhunik Metaliks, the listed flagship entity of the group that makes alloys and special steel in Odisha, would be merged ...

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Claims Not Part Of Approved Resolution Plan Does Not ...

Jun 24, 2021  In the said matter, the Corporate Insolvency Resolution Process ("CIRP") was initiated in respect of Orissa Manganese Minerals Ltd. vide an application filed under Section 7 of the Code by the State Bank of India before NCLT, Kolkata.

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NCLT to hear Adhunik's plea for extension of insolvency ...

May 01, 2018  Latest News; Portfolio; ... petition filed by State Bank of India against Adhunik Metaliks and other group companies and subsidiaries, including Zion Steel and Orissa Manganese Minerals

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Adhunik Metaliks > Company History > Steel - Sponge Iron ...

2007 -Adhunik Metaliks Ltd has informed that the Company has acquired Orissa Manganese Minerals Pvt Ltd as 100% subsidiary. 2008 -Mr. Nandanandan Mishra has been appointed as

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Adhunik Metaliks Auditors Report - Business Standard News

Business Standard News: Auditors Report : Adhunik Metaliks Auditors Report, Adhunik Metaliks updates and more at Business Standard news. ... Note no 4.2 of the standalone Ind AS financial statement that the Company has madelong term investments in Orissa Manganese Minerals Limited amounting to Rs. 6309.60lacs. ... As per the latest ...

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Adhunik Metaliks hits 20% upper circuit

The company's subsidiary Orissa Manganese Minerals was granted extension of lease for its three manganese ore mines (Patmunda, Orahuri Kusumudhi) till March 31, 2020 under merchant category.

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ONML increases manganese ore prices Steel360 News

Sep 04, 2013  Odisha Manganese and Minerals Limited (ONML), a subsidiary of Adhunik Metaliks Limited has increased its Manganese ore prices in the Indian market by around 7%-10% for September 2013. ONML, having an annual production of about 2 lakh tonnes, contributes 9% of the country’s overall Manganese ore production.

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Law Cases Legal Case Studies

Orissa Manganese and Mineral Pvt Ltd Vs Adhunik Steel Ltd . Orissa High court decision in legal matter of Orissa Manganese and Mineral Pvt. Ltd. Vs Adhunik Steel Ltd. AIR 2005 113 on termination of mining contract of leasehold land. ... News, Articles, Events. Office Numbers: +91-11-26102873,

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Recent Amendments To The Specific Relief Act, 1963: An ...

Oct 16, 2019  In Adhunik Steels Ltd. v. Orissa Manganese Minerals Pvt. Ltd. (2007) 7 SCC 125¸ The Supreme Court of India ascribed two reasons to the procedural status of the Specific Relief Act, 1963: The 1963 Act was intended to be "an Act to define and amend the law relating to certain kinds of specific reliefs" and;

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Determinable Contracts - Corporate/Commercial Law - India

Jun 30, 2015  Further, the High Court of Orissa in its judgment in Orissa Manganese and Minerals Pvt. Ltd. v. Adhunik Steel Limited 5 observed that the agreement in question in which the only clause in regard to termination stated that either party had to before termination of contract serve notice of 90 days to the other party to remedy the breach as not ...

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A Temporary Sigh Of Relief: Section 17 Of The Arbitration ...

Jan 26, 2021  The SCI in Adhunik Steels Ltd. vs. Orissa Manganese and Minerals Pvt. Ltd. 10 has settled the law that the appointment of a receiver in exercise of powers under Section 9 of the Act can be done only if the case is brought within the accepted principles under the CPC.

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Adhunik Metaliks Ltd. Notes to Accounts, Adhunik Metaliks ...

Mar 31, 2016  RELATED PARTY DISCLOSURES ... 8,302,264 equity shares of promoters and promoters group in the Company has been pledged as security to CDR lenders. ... Ltd. Orissa Manganese Minerals Ltd. Adhunik ...

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Restructuring and insolvency in India Law firm and ...

Feb 06, 2020  Represented the resolution professional in relation to the restructuring of the Adhunik Group, including Adhunik Metaliks, Zion Steel, Orissa Manganese and Minerals, and Adhunik Alloys and Power. This was one of the first group-wide restructurings via the IBC in India. ... The latest news direct from law firms.

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Adhunik Metaliks Ltd Share Price, Stock Price, Adhunik ...

As on the date of filing this Draft Red Herring Prospectus, six of the Directors on our Board represent the Promoters, 1 of the Directors is an executive director and 3 of the Directors are independent directors. 2007 -Adhunik Metaliks Ltd has informed that the Company has acquired Orissa Manganese Minerals Pvt Ltd as 100% subsidiary.

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