NCLAT dismisses Jindal plea over Mittal Corp

March 31, 2023

A two-member NCLAT bench observed the lenders of Mittal Corp were “empowered to issue fresh RFRP” when none of the resolution plans had been approved by the committee of creditors (CoC). NCLAT said issues raised by Jindal Stainless subsequent to February 10, 2023, when RFRP was issued, need no consideration.

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