Breaking: NCLAT approves Ultratech Cement's resolution plan for Binani Cement [Read Judgment]

Aditi Singh November 14 2018
Ultratech Cement

The National Company Law Appellate Tribunal (NCLAT) has today approved Ultratech Cement's revised resolution plan for debt-ridden Binani Cement.

"In exercise of powers conferred by Section 31 of the ‘I&B Code’ read with order of remand by the Hon’ble Supreme Court, we have gone through the records, revised ‘Resolution Plan’ submitted by ‘Ultratech Cement Limited, gist of which noticed earlier and being satisfied that the ‘Resolution Plan’ approved by the ‘Committee of Creditors’ under subsection (4) of . . .

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