INSUBCONTINENT EXCLUSIVE:
Authors: Super UserThe NCLAT will hear Dalmia Bharat's plea on May 22.
The Binani Committee of Creditors (CoC) is likely to meet on May 9 and discuss the revised bid of UltraTech
Cement valued at around Rs 7,900 crore for the debt-laden Binani Cement
"The CoC is meeting on Wednesday (May 9)," sources close to the development told PTI
Ultra Tech has already submitted its revised offer with the Resolution Professional but the exact bid value is not known
The Kolkata bench of National Company Law Tribunal (NCLT) had on May 2 directed the Committee of Creditors (CoC) of Binani Cement to
accepted the resolution of Dalmia Bharat by a clear majority
Properties had approached the Appellate body of the NCLT on May 4 to obtain a stay on NCLTs order
The NCLAT, however, did not stay the Tribunals order and allowed the CoC to proceed with its meetings
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