Tag: NCLT hold OMDC
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India: NCLT order on OMDC put on hold till next hearing
In a new development for Orissa Minerals Development Company (OMDC), a subsidiary of state-owned Rashtriya Ispat Nigam, the Company Law Appellate Tribunal (NCLAT), vide an order dated 12, October 2020, has issued a notice to Jai Balaji Industries and the interim resolution professional (IRP) and directed that the order dated September 30, 2020 of NCLT,…