NCLT okays resolution plan for Balmer Lawrie JV company under IBC

NCLT okays resolution plan for Balmer Lawrie JV company under IBC

The Kolkata bench of the NCLT approved Om Logistics's resolution plan on April 9, 2021. Om Logistics, the highest bidder (H1) during the corporate insolvency resolution process (CIRP) for Transafe Services (TSL), has proposed to pay Rs 49 crore, whereas the total admitted claim was around Rs 533 crore.

Read more at 
The Financial Express

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