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Anil Ambani-owned Reliance Naval's debt resolution gets delayed yet again

Bid submission date extended for fifth time as NCLT grants five more months to lenders to complete resolution process

Reliance Naval | Anil Ambani | debt resolution

Dev Chatterjee  |  Mumbai 

Photo: Bloomberg
Photo: Bloomberg

Even as the Naveen Jindal-owned JSPL group has joined the race to buy Anil Ambani’s bankrupt shipyard, and Engineering Ltd, the National Company Law Tribunal (NCLT) has granted five more months to the lenders to complete the resolution process of the company, which has defaulted on loans worth Rs 11,000 crore.



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First Published: Thu, March 04 2021. 15:35 IST