Binani Cement operational creditors laud NCLT order allowing fresh UltraTech bid
Updated : June 14, 2018 10:53 AM IST
Ultra Tech Cement's offer is Rs 1,021.70 crore more than that of the Dalmia Bharat Group's, the NCLT said.
Dalmia Bharat's resolution plan proposed to settle the accumulated dues of OCs of Rs 503.37 crore for Rs 151 crore.
The revised bid from UltraTech has to be submitted by Friday to the resolution professional (RP), which will be placed before the CoC.