Viaan Industries Limited, which underwent insolvency resolution process as per provision of Insolvency and Bankruptcy Code, has been acquired by Redmax India, by submission of resolution plan.
Areete Law Offices acted as the legal advisor to Hemant Jindal, the successful resolution applicant and the promoter of Redmax India.
The transaction team consisted of Amit Singhania (Managing Partner), Hitesh (Senior Associate) and Shivani Arora (Associate).
Redmax India is a leading manufacturer of the footwear and apparels in North India.
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