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NCLAT upholds the Resolution Plan of MBL Infrastructures

Capital Market 

The Resolution Plan of MBL Infrastructures under Insolvency & Bankruptcy Code (IBC), 2016 with the support of 78.50% majority of Committee of Creditors was approved by Hon'ble NCLT, Kolkata Bench by order dated 18 April 2018.

Some banks had preferred appeals against the said order dated 18 April 2018. The Hon'ble NCLAT has dismissed these appeals by order dated 16 August 2019.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 19 2019. 10:36 IST
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