NCLT reserves order on Siva Industries’ one-time settlement offer with lenders
The Hindu
The National Company Law Tribunal (NCLT), Chennai on Thursday reserved its order on the one-time settlement offer between promoters of Siva Industries & Holdings Ltd. and lenders.Last week, NC
The National Company Law Tribunal (NCLT), Chennai on Thursday reserved its order on the one-time settlement offer between promoters of Siva Industries & Holdings Ltd. and lenders. Last week, NCLT had sought an explanation from lenders on the rationale behind accepting the offer. As per the proposal, claims worth about ₹4,200 crore are proposed to be settled through payment of ₹323 crore by Siva Industries and ₹555 crore from third-party guarantors.More Related News