NCLT approves BRS Ventures' Rs 12.14 bn plan for Assam Company takeover

Under this plan, which is nearly 3.5 times the liquidation value of Assam Company, the lenders will be taking a 20 per cent haircut over their total claims, including interest

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Last Updated : Sep 21 2018 | 4:48 PM IST

The Guwahati bench of NCLT on Thursday approved the Rs 12.14 billion resolution plan of Abu Dhabi-based BRS Ventures for acquiring the stressed assets of Assam Company (India) Ltd, which

First Published: Sep 21 2018 | 4:36 PM IST

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NCLT approves BRS Ventures' Rs 12.14 bn plan for Assam Company takeover

Under this plan, which is nearly 3.5 times the liquidation value of Assam Company, the lenders will be taking a 20 per cent haircut over their total claims, including interest

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