For the company, the mandated 270-day deadline under the corporate insolvency resolution process (CIRP) will end on April 29.Adhunik Metaliks, the flagship of the Adhunik Group, could be staring at liquidation soon as no resolution plan for the insolvent company has been approved by its lenders till date. For the company, the mandated 270-day deadline under the corporate insolvency resolution process (CIRP) will end on April 29.
The Kolkata bench of the National Company Law Tribunal (NCLT) is scheduled to hear the matter on May 1, when the fate of the steel maker will be decided. No resolution plan has been approved for the company till date. And the committee of creditors (CoC) has no time left to consider any plan furth…
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