 "Kolkata's NCLT bench pulls up Binani Cement's resolution professional")
The Kolkata Bench of National Company Law Tribunal (NCLT) on Tuesday asked Vijaykumar Iyer, a resolution professional of Binani Cement, to appear in person in the tribunal in its next hearing to answer questions on the bidding process followed in the firm’s debt resolution.
The NCLT was hearing a petition filed by the Aditya Birla group’s UltraTech against the resolution professional and Deloitte for rejecting its bid for Binani Cement. In its petition, UltraTech had alleged the resolution professional did not follow a transparent method in the bidding and did not give any details on what grounds its bid was
