JSW Steel-Aion resolution plan for Monnet Ispat gets NCLT approval

JSW Steel-Aion resolution plan for Monnet Ispat gets NCLT approval

The National Company Law Tribunal (NCLT) gave its approval to the consortium of JSW Steel and AION Investments Private II Limited to acquire cash-strapped Monnet Ispat and Energy Limited on Thursday. The resolution plan submitted by the JSW Steel-AION combine was sanctioned by the NCLT with some modifications.

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