Tag: Vedata to acquire FACOR

Vedanta Limited to acquire Ferro Alloys Corporation Limited

Jan 31, 2020

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by

Ankita Chakraborty

in Ferro Chrome

FACOR was admitted under Corporate Insolvency Resolution Process in terms of the Insolvency and Bankruptcy Code, 2016 (“IBC”) and the insolvency proceedings were commenced against FACOR pursuant to the order dated July 06, 2017, and March 04, 2019, of the Hon’ble National Company Law Tribunal (NCLT), Kolkata. NCLT Cuttack, vide its order dated January 30,…