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NCLT asks Binani Cement's CoC to consider UltratTech's revised bid

The NCLT bench also directed the CoC to consider Dalmia Bharat Group's RPPL resolution plan if it matches UltraTech's offer

Press Trust of India  |  Kolkata 

Binani

The Kolkata bench of (NCLT) on Wednesday directed the committee of creditors (CoC) of to consider the revised bid of

UltraTech's revised bid is Rs 10.21 billion more than that of Dalmia Bharat group's offer.

The bench also directed the to consider Dalmia Bharat Group's RPPL resolution plan if it matches UltraTech's offer.

The revised bid from has to be submitted within three days to the resolution professional to forward the same to the of Binani Cement, it said.

The entire process has to be now concluded before June 24, the said.

First Published: Wed, May 02 2018. 16:55 IST
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