NCLT orders RP to restart corporate resolution at KSK Mahanadi

In a recent order, the Hyderabad bench of the tribunal directed the resolution professional (RP) to restart the process, after Riddhi Siddhi Gluco Biols (RSGBL) claimed that it was not given a fair chance to participate as an applicant even as the committee of creditors (CoC) made an exception for a Naveen Jindal group company, according to a court order.

from Energy-Industry-Economic Times https://ift.tt/3kBDzS1