Tag: Liquidation

NCLAT gives Nod to the Liquidation of Kamineni Steel & Power

Sep 13, 2018

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by

Aditi Tiwari

in Billet

As per the latest updates, the National Company Law Appellate Tribunal today has ordered liquidation of Kamineni Steel & Power (KSPL) thus dismissing the Hyderabad bench NCLT’s order to clear a debt resolution plan of the company despite not having the mandatory approval of 75% of the company’s lenders – a prerequisite of IBC (Insolvency…