 "Sandeep Jajodia, founder and chairman, Monnet Ispat")
The promoters of Monnet Ispat & Energy, one of the accounts identified by the Reserve Bank of India (RBI) for insolvency, are backing the time-bound resolution of the debt crisis under the Insolvency and Bankruptcy Code (IBC).
"Once the petition is admitted in the National Company Law Tribunal, the independent resolution professional will have to call a creditors' meeting in 30 days and then a resolution plan will have to be submitted to the tribunal in 180 days. We are hopeful that a resolution will now emerge. Monnet is a quality asset," Sandeep Jajodia, chairman and managing director, Monnet Ispat &
