Ready to acquire Adhunik Metaliks, Maharashtra Seamless tells lendersLenders to bankrupt Adhunik Metaliks (AML) on Thursday filed appeals before the Kolkata bench of the National Company Law Tribunal (NCLT) for providing additional time for completion of the insolvency resolution process, as they have received application from Maharashtra Seamless stating that it is ready to acquire the debt-ridden company.
The NCLT reserved its order on the CoCs application for granting an extension of time in the corporate insolvency resolution process (CIRP) in this case.
While UK-based Liberty House, the successful resolution applicant, failed to make the upfront cash payment within the stipulated time, Maharashtra Seamless, the second-highest bidder (…
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