The next step will now be to get approvals from the National Company Law Tribunal (NCLT). However, the final approval for the resolution plan hinges on the Supreme Court order in a petition filed by Gujarat-based Torrent Group in March.
On Thursday, the lenders supported Hinduja Group's plan with 99.6% of the total votes. The debt-laden firm's administrator is slated to file the approved plan with the NCLT next week. Voting for the resolution, which had started on June 9, ended on Thursday.
The lenders were given "ample" time to vote on the resolution plan as the banks (financial creditors) also needed board approvals to cast their votes, sources close to the development said.
Diese Geschichte stammt aus der June 30, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der June 30, 2023-Ausgabe von Financial Express Mumbai.
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