Jindals Stall Gujarat NRE Plan

Jindals Stall Gujarat NRE Plan

Naveen Jindal’s Jindal Steel & Power has thrown a spanner to the novel revival plan hatched by Gujarat NRE Coke’s erstwhile promoter Arun Kumar Jagatramka.

JSPL has received an ex-parte order from the National Company Law Appellate Tribunal, Delhi, which stayed the proposed meeting of shareholders and creditors on July 16.

The back-to-back meetings of shareholders, foreign currency bond holders, secured and unsecured creditors were called according to an order of the NCLT bench of Calcutta. Read More

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