NCLT approves Monnet Ispat resolution plan, third from RBI 12

Varun Marwah July 21 2018
DHFL insolvency plea by RBI

The Mumbai Bench of the NCLT has (orally) approved the resolution plan submitted by a consortium of AION Investments Private II Limited and JSW Steel Limited for Monnet Ispat & Energy Limited.

However, the plan was approved with a modification that the coal mine Gare Palma IV/7 will not be included in the liquidation . . .

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