KOLKATA: National Company Law Tribunal (NCLT), New Delhi has approved the resolution plan submitted by JSW Steel as approved by the Committee of Creditors of Vardhman Industries Limited (VIL), which has been undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, according to a notification by JSW Steel to the BSE on Thursday.
Vardhman Industries Ltd. is a manufacturer and wholesale supplier and exporters of a wide range of galvanized tubes, coils, precision steel tubes, galvanized steel pipes, steel square tube, galvanized sheets, corrugated steel tubes, cold rolled steel sheets.
As per the terms of approved resolution plan, JSW Steel shall, infuse its commitment of Rs 63.5 crore in VIL through…
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