The National Company Law Tribunal (NCLT), Chennai, has asked lenders to explain the rationale behind the one-time settlement (OTS) offer made by Siva Industries under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016. The lenders have also been asked to give the timeline of cash flow to all the creditors.
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First Published: Sun, June 20 2021. 13:17 IST