Tag: Monnet Ispat

NCLT Finally Approves Acquisition of Monnet Ispat by JSW-Aion Capital Consortium

Jul 19, 2018

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by

Aditi Tiwari

in HRC

In a recent update on Monnet Ispat and Energy Ltd (MIEL) bankruptcy case, the NCLT (National Company Law Tribunal) has today approved INR 2,875 crore bid for the company submitted by the consortium of JSW Steel – Aion Capital, thus officially giving rights to the consortium to acquire the assets of Monnet Ispat. The bankrupt…