17
Dec
09:49
JSW Steel advances with Vardhman Industries acquisition
JSW Steel’s acquisition of Vardhman Industries Limited (VIL) is back on track after the National Company Law Appellate Tribunal (NCLAT) accepted its appeal to overturn earlier modifications made to its Resolution Plan.
The National Company Law Tribunal (NCLT) approved JSW’s Resolution Plan for bankrupt Vardhman in December 2018. However, it made certain modifications to the plan as approved by Vardhman’s creditors’ committee. JSW ultimately…
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Anonymous
Very good overview of the weekly steel market.
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