Supreme Court rejects Dalmia Bharat’s plea challenging NCLT’s Binani order

Supreme Court rejects Dalmia Bharat’s plea challenging NCLT’s Binani order
11/05/2018 , by , in News/Views

The Supreme Court has rejected Dalmia Bharat’s plea challenging the NCLT Kolkata bench order directing the lenders of the Binani Cement to consider Ultratech’s revised bid, ET Now reported.

Dalmia Bharat had expressed disappointment with the NCLT order and said that it will explore all options including challenging the NCLT order before a higher authority.

In its plea before the apex court, Dalmia Bharat also appealed to direct the lenders of Binani Cement and the NCLT to not proceed with any other resolution plan.

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