BEAMSTART Logo

HomeNews

NCLT rejects Adani Ports' late bid for insolvent Tuticorin Coal Terminal

Business Standard LogoBusiness Standard10h ago

NCLT rejects Adani Ports' late bid for insolvent Tuticorin Coal Terminal - Business Standard

Quick Summary:

The division bench, comprising judicial member KR Saji Kumar and technical member Anil Raj Chellan, took note of the significant time lapse since the Expression of Interest (EoI) was first issued in early 2020, more than four years ago.

Tuticorin Coal Terminal was admitted into the CIRP in February 2020 after defaulting on dues of nearly ₹90 crore owed to the Bank of India.

Adani Ports had expressed interest in acquiring the insolvent project but faced setbacks and did not submit a resolution plan.


More Pictures

NCLT rejects Adani Ports' late bid for insolvent Tuticorin Coal Terminal - Business Standard (Picture 1)

or

Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 09:28:49 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28658358

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 265 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "NCLT rejects Adani Ports' late bid for insolvent Tuticorin Coal Terminal" has 526 words across 23 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "NCLT rejects Adani Ports' late bid for insolvent Tuticorin Coal Terminal" was covered 10 hours ago by Business Standard, a news publisher based in India.

How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.

The outlet is headquartered in India and publishes an average of 265 news stories per day.

It's most recent story was published 2 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28658358
  • URL: https://onderwijs.beamstart.com/news/nclt-rejects-adani-ports-late-17471095669143

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.