NCLAT approves UltraTech’s Rs 7,900 cr bid for Binani Cement, rejects resolution plan submitted by Dalmia Bharat
In approving UltraTech's resolution plan for Binani, which was auctioned to recover unpaid bank dues, the NCLAT may have set a precedence as it favoured a proposal that not just paid the financial lenders but also operational creditors.
The post NCLAT approves UltraTech’s Rs 7,900 cr bid for Binani Cement, rejects resolution plan submitted by Dalmia Bharat appeared first on Firstpost.
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