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NCLAT acts on Sebi plea, stays NCLT's Assam Company takeover order
Market regulator says firm is a shell company whose delisting under the RP will make process of forensic audit more difficult
Assam Company bid submission date postponed to June 27
The RP's decision was accelerated by an order from the NCLAT granting more time to one of the bidders
TCG, Apeejay interested in Assam Company, which has filed for insolvency
Hyderabad-based Megha Engineering & Infrastructures has also done so, with the necessary documents
Assam Company resolution process likely to be difficult; RP seeks extension
The total debt of the company stands at Rs 14.1 bn
NCLT appoints Interim Resolution Professional to manage Assam Company
Appointment of an IRP for India's oldest tea plantation & oil exploration firm comes after a petition by Srei, which claimed Assam Company owed it over Rs 595.60 cr as on August 11, 2017
