NCLAT sets aside Vedanta firm Twinstar Technologies' Resolution Plan for Videocon, remits matter to CoC

The decision came in the appeals filed by Bank of Maharashtra and IFCI Ltd against the approval given by NCLT Mumbai to the resolution plan submitted by Vedanta's Twinstar Technologies.
 Videocon with NCLAT
Videocon with NCLAT

The National Company Law Appellate Tribunal (NCLAT) on Wednesday set aside Vedanta Group's bid under the Insolvency and Bankruptcy Code (IBC) for Videocon Industries [Bank of Maharashtra v. Videocon Industries Ltd & Ors)].

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