 "Binani cement")
Citing the Kolkata bench of NCLT’s observations on March 27 as a suggestion and not an order of the Tribunal, the Committee of Creditors (CoC) of Binani Cement, which is facing bankruptcy proceedings, has decided not to go ahead with a meeting to discuss an UltraTech Cement backed proposal mooted by Binani Cement.
On Wednesday, the lenders had consented to a meeting scheduled on March 29 but called it off late in the night on Wednesday itself.
Speaking to Business Standard, a source among the lenders said, “The judge had stated his comments as a suggestion and not an observation leaving it
