NCLT to give verdict before July 10 on UltraTech-Binani deal
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The Kolkata bench of NCLT will reportedly give its verdict on UltraTech Cement's acquisition of Binani Cement assets before July 10.
Cement

NCLT to give verdict before July 10 on UltraTech-Binani deal

01 Jul 2018 1 Min Read CW Staff
The Kolkata bench of NCLT will reportedly give its verdict on UltraTech Cement's acquisition of Binani Cement assets before July 10. The NCLT has, however, reportedly refused Dalmia Bharat's plea on taking a look at the resolution plan of UltraTech submitted for the NCLT's approval. UltraTech may have to reportedly undergo approvals from NCLT, NCLAT and the Supreme Court before acquiring assets of Binani Cement.

The Kolkata bench of NCLT will reportedly give its verdict on UltraTech Cement's acquisition of Binani Cement assets before July 10. The NCLT has, however, reportedly refused Dalmia Bharat's plea on taking a look at the resolution plan of UltraTech submitted for the NCLT's approval. UltraTech may have to reportedly undergo approvals from NCLT, NCLAT and the Supreme Court before acquiring assets of Binani Cement.

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