The National Company Law Tribunal (NCLT) has directed that resolution plans to acquire Jaiprakash Associates should be invited for the entire company as a going concern, not in divided business verticals. NCLT ordered the resolution professional to continue with inviting expressions of interest (EOI) for the whole company initially, and only consider splitting if no bids are received.
from Banking/Finance-Industry-Economic Times https://ift.tt/SAWKl5p
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