5/2/2024, 1:29:02 pm

NCLT admits Vadraj Cement for insolvency process

After being stuck in liquidation for over 5 years, Vadraj Cement has been shifted to the National Company Law Tribunal for debt resolution. Adani Group, UltraTech Cement and JSW Cement are expected to bid for the company. The Bombay High Court had ordered winding up but it was recalled in 2023. EY-backed Pulkit Gupta has been appointed as interim resolution professional.

Source: FlipItMoney
NCLT admits Vadraj Cement for insolvency process

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