Business Standard

Thursday, February 06, 2025 | 06:26 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

NCLT adjourns Bajaj Hindusthan bankruptcy petition to December 7

In an order dated September 14, the NCLT asked Bajaj Hindusthan to file a reply to the SBI petition in three weeks

SBI
Premium

BS Reporter Mumbai
The National Company Law Tribunal's Allahabad bench has listed the State Bank of India petition against Bajaj Hindusthan Sugars for December 7.

In an order dated September 14, the NCLT asked Bajaj Hindusthan to file a reply to the SBI petition in three weeks. The lender was given another two weeks to file its rejoinder to Bajaj Hindusthan's reply.

Bajaj Hindusthan was sent to NCLT for debt resolution by SBI after the company failed to repay its loans.

The company had received two debt restructurings from the lender, but failed to meet the requirements of the schemes.

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