Birla Tyres insolvency: NCLT approves joint offer of Himadri Speciality Chemical, Dalmia Bharat Refractories_Birla Tyres insolvency: NCLT approves joint offer of Himadri Speciality Chemical, Dalmia Bharat Refractories

Birla Tyres insolvency: NCLT approves joint offer of Himadri Speciality Chemical, Dalmia Bharat Refractories

May 31, 2024

Birla Tires was spun off from the group’s flagship company Kesoram starting Industries in 2018.

Himadri Specialty Chemical Ltd on Thursday got “verbal” approval from the National Company Court for the joint resolution plan submitted by the company and Dalmia Bharat Refractories Ltd under insolvency proceedings to be acquired by Tires.

Himadri Specialty Chemical in a regulatory filing, NCLT, “has now orally approved the resolution plan for acquisition jointly submitted by the company (strategic partner) and Dalmia Bharat Refractories Ltd (resolution applicant). Birla Tires Limited under the Insolvency and Bankruptcy Code, 2016 (IBC) Corporate Insolvency Resolution Program (CIRP).

He added that he is waiting for NCLT written order. Written order.

The NCLT ordered SRF Ltd (operating creditor of B K Birla Group of Companies) in Chemical to initiate insolvency proceedings in Birla case Tires Ltd in the case filed.

Birla Tires was spun off from the group’s flagship company Kesoram Start Industries in 2018.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-09-13

Company Size:

10000

Contact Supplier

Geely Jiyue 01 Max

LEADING IDEAL L9

Shandong Tuduoduo Digital Technology Co., Ltd

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-08-09

Company Size:

10000

Contact Supplier

Wheel excavator

chengdutuduoduo

Retailer

CN Supplier

1 YRS

Main Products:

Whole vehicle, used car

Established:

2024-08-01

Company Size:

10000

Contact Supplier

Great Wall Artillery 2.0T

Peugeot 301 1.6L

Radar RD6 Pure electricity

Nissan Qijun 2.5L

TDD (QINGDAO ) CROSS-BORDER E-COMMERCE CO.,LTD.

Retailer

CN Supplier

2 YRS

Main Products:

Auto parts、Rubber tyre、Finished car

Established:

2023-01-01

Company Size:

10000

Hebei Jianglun electromechanical Co., LTD

Retailer

CN Supplier

14 YRS

Main Products:

Production of car starter, generator, air conditioning compressor, auto parts remanufacturing, sales of the company's products, import and export business.

Established:

2011-11-07

Company Size:

500

Contact Supplier

Automobile starter Chery Cloud, Chery Flag Cloud, Jetta Spring

Automobile starter EA111, TA113

Automobile starter 05 Jetta King 9T round fork

Automobile starter 10 new Jetta round forks

Shandong Xingyun New energy Automobile Co., LTD

Retailer

CN Supplier

1 YRS

Main Products:

New energy vehicle sales; Auto parts research and development; Auto parts and accessories manufacturing; Off-highway recreational vehicles and spare parts manufacturing; Off-highway recreational vehicles and spare parts sales; Electric car manufacturing;

Established:

2024-03-20

Company Size:

500

Contact Supplier

Lucky three-box car x60

Beijing Tianhao Shengshi trading Co., LTD

Retailer

CN Supplier

10 YRS

Main Products:

12/5000 Lubricating oil, import and export agent