The company was admitted to the NCLT under the Insolvency and Bankruptcy Code (IBC) in December 2020. The insolvency resolution process of Sintex BAPL had evinced interest from two bidders - JM Financial Asset Reconstruction Co Ltd and a consortium consisting of Welspun entity Propel Plastic Products Pvt Ltd and Plastauto Pvt Ltd.source https://economictimes.indiatimes.com/industry/banking/finance/nclt-approves-welspun-takeover-of-sintex-bapl/articleshow/98741526.cms
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