Adani Power Hdil
NCLT approves Adani Properties' bid for two HDIL assets in Mumbai
The National Company Law Tribunal (NCLT) has approved the resolution plans of Adani Properties for two HDIL assets, including Project BKC in Bandra Kurla Complex and Shahad Maharal Lands in Thane district as part of its insolvency process. This was part of the corporate insolvency resolution process (CIRP), with Adani Properties being the sole bidder meeting the Insolvency and Bankruptcy Code (IBC) requirements for the two assets of Housing Development and Infrastructure Limited (HDIL). The Mumbai bench of NCLT approved the resolution plans under Section 31 of the IBC, 2016, on June 27. The committee of creditors (CoC) had cleared both plans, which are valued at over Rs 2,000 crore, with a 66.08 per cent voting share in November 2022. Initially, HDIL's resolution professional sought interest in resolving the entire company in February 2020, but received no proposals. Due to unfinished residential properties, the National Company Law Appellate Tribunal (NCLAT) allowed a project-wis
 "NCLT approves Adani Properties' bid for two HDIL assets in Mumbai")
Adani Power, HDIL, HUDCO, IDFC Bank hit all-time low
Advanced Enzyme, IL&FS Transportation Networks, Inox Wind, Narayana Hrudayalaya and Navkar Corporation were among 9 stocks from the S&P BSE500 index hitting their respective all-time lows on the BSE.
 "Adani Power, HDIL, HUDCO, IDFC Bank hit all-time low")
