Home / Companies / News / EMC case: Pawan Hans bidder initiates process to appeal against NCLT order

EMC case: Pawan Hans bidder initiates process to appeal against NCLT order

The statement from the Cayman Islands-based fund comes a day after the government decided to put on hold the sale of Pawan Hans as it was legally examining the NCLT order against AGOF

Premium

Photo: Bloomberg

2 min read Last Updated : May 18 2022 | 2:14 AM IST

Almas Global Opportunity Fund SPC (AGOF), part of the consortium that won the bid for Pawan Hans, on Tuesday said it has initiated the process to appeal against an NCLT order with respect to the fund acquiring bankrupt EMC.

The statement from the Cayman Islands-based fund comes a day after the government decided to put on hold the sale of Pawan Hans as it was legally examining the NCLT order against AGOF.

Almas Global is the biggest shareholder in the consortium — Star9 Mobility —that was selected as the winning bidder for Pawan Hans. Other members in the consortium are Big Charter

Disclaimer: No Business Standard Journalist was involved in creation of this content

Topics : Pawan Hans NCLT Aviation

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in