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Written by Indu Bhan | New Delhi |
Posted: November 16, 2018 03:18:16
The company of the group Dalmia Bharat, Rajputana Properties (RPPL), challenged Thursday before the Supreme Court the decision of the Court of Appeal of the national law of the companies, which has Wednesday approved the application of UltraTech Cement to the bankruptcy of Binani. Cement. A court headed by Chief Justice Ranjan Gogoi admitted the plea, agreed to hold it as soon as possible, and register the case on November 19.
Lawyer Gopal Shankaranarayan, who appears for the RPPL, told the Supreme Court that he needed an urgent hearing. steps can be taken after court approval of UltraTech Cement offer call.
She states that UltraTech is not eligible to submit a resolution plan under IBC section 29A and adds that its offer (RPPL) has been rejected although it has been rejected. rejected. creditor committee with an overwhelming majority of 99.43%. Instead of accepting its approved offer, NCLAT approved the offer from UltraTech, an unsuccessful bidder, he added. .
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