The fight is to the finish when it comes to the fight and the acquisition of Binani Cement. The only large Insolvency and Bankruptcy Code (IBC) case with an equity value has been hotly contested for and now the matter is also getting litigated. Dalmia Bharat has been the winner and that has been declared the winner by CoC and RP but that matter has been challenged by Ultratech Cement, which after the bid closure has increased the bid price by Rs 700 crore to Rs 7,266 crore and even has supported Binani Industries if they can take the matter out of insolvency proceedings.

Outstanding claims for operational creditors is Rs 700cr: Binani Creditors Forum

As the battle for Binani Cement continues between Dalmia Bharat and UltraTech Cement, the operational creditors have now staked their claim of Rs 700 crore which is supposedly not included in the current offers.

Ultratech on Binani charges: 'Resolution Professional kept us in the dark'

Ultratech Cement has responded to the auditors of Binani Cement flagging off "potentially suspect" transactions. KK Maheshwari, MD of Ultratech Cement discussed with Nisha Poddar about their response to the auditors.

UltraTech proposes to acquire Binani's stressed assets

UltraTech Cement has re-entered the race for Binani Cement and has proposed to acquire the stressed company. They have lent huge comfort by saying that they will provide Rs 7,200 crore to help Binani pay off its lenders.

CCI cautions against cartelisation, warns of severe penalty

The Competition Commission of India (CCI) has pulled up 11 cement companies for forming a cartel and has penalized them with a fine of around Rs 6,000 crore. The commission has asked the companies to pay up 50% of their FY10 profits as penalty.

Will monsoons wipeout cement stocks? Experts answer

In an interview with CNBC-TV18, Mohan Krishnaswamy, Head of Equity Research from RBS Equities (India) and Vinod Juneja, MD (Group) of Binani Cement gave their outlook on the cement and construction sector.

Binani Cement may hike price by Rs 10-12 per bag

Vinod Juneja, MD of Binani Cement, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, gave his analysis on the budget and the how would it impact his company going forward.