Swan Energy directed to pay 250 cr | Mint – Mint
Mumbai: The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Swan Energy, the successful resolution applicant of debt-laden Reliance Naval and Engineering, to pay 250 crore upfront before seeking any further extension to complete the corporate insolvency resolution process. A bench led by Justice Chitra Hankare held that From the application, it…