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NCLAT refuses to stay deadline for Dalmia to revise offer in Binani case

Updated : May 22, 2018 01:32:26 IST

The appellate tribunal refused to grant status quo to CoC proceedings
NCLAT said that they have the power to annul COC orders and all COC proceedings shall be subject to further orders in NCLAT.
Insolvency case against Binani Cement was filed on July 26, 2017 and the company owes about Rs 7,000 crore to both financial and operational creditors.
Published : May 22, 2018 01:05 PM IST

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