It will lead to a faster closure of the resolution process, which started in November 2021.The Hinduja Group, the successful applicant for the debt-laden firm, has to implement the resolution plan by May 27.
The tribunal's Mumbai bench which heard the case on Wednesday said the 90-day period for the implementation of the plan will now start from the date of its earlier order. In its order on February 27, the tribunal had said the 90-day period would start after the group gets all regulatory approvals.
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