NCLT reserves order on resolution plan of Aircel - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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NCLT reserves order on resolution plan of Aircel

In the resolution plan mentioned in National Company Law Tribunal on Monday, this realisation of Rs 6,600 crore will happen when UVARCL manages to sell Aircel’s assets. There will be no upfront payment made to the lenders but they will get zero optionally convertible debentures spread over a period of five years.

from Industry-Economic Times
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