NCLAT stays Vedanta's Resolution Plan for Videocon Industries on plea by Bank of Maharashtra, IFCI [READ ORDER]

Bank of Maharashtra and IFCI Ltd had approached the NCLAT against the approval given by NCLT Mumbai to the resolution plan submitted by Vedanta's Twinstar Technologies Ltd.
VideoconBusiness Today

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

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