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Insolvency case: NCLT to hear Monnet Ispat's case today

In line for insolvency, Monnet Ispat was working for a buyout offer from JSW Steel

BS Reporter 


The will hear Monnet Ispat's case on Tuesday, after it was a given brief hearing on Monday. In line for insolvency, was working for a buyout offer from the Sajjan Jindal-promoted  

Earlier in February, State Bank of India (SBI) had not approved the proposal that had made to acquire stake in  

“I have made some suggestions to the management of Monnet with regard to and hence seek time until Monday for the next hearing,” a lawyer told the on Thursday. This will now be heard on Tuesday. ”is internally discussing a revised offer for Monnet; discussions between JSW and Monnet are yet to take place,” said a source on the condition of anonymity. 

First Published: Tue, July 18 2017. 01:24 IST