The Ahmedabad NCLT is scheduled to hear the matter on a resolution plan on December 7, according to the tribunal's website. Several issues are being heard at the tribunal, potentially delaying the resolution. Axis Bank has filed a petition with the tribunal opposing the distribution of the proceeds from the winning resolution applicant. Axis Bank was the only bank that voted against the resolution plan.source https://economictimes.indiatimes.com/industry/banking/finance/sintex-industries-lenders-agree-to-sell-debt-as-resolution-hangs-fire/articleshow/95837271.cms
No comments:
Post a Comment