NCLT rejects ‘Business Restructuring Plan’ of Siva Industries – The Statesman
It was pointed out that the settlement amount accepted by banks is even lower than the liquidation value of Siva Industries NCLT Chennai has rejected the one-time settlement offer made by Siva Industries and ordered that the company will go into liquidation. The NCLT Chennai Bench, comprising R. Sucharitha and Anil Kumar B., said in…