NCLT admits Vadraj Cement for insolvency process

February 5, 2024

Vadraj Cement, previously known as ABG Cement, has been shifted from the Bombay High Court to the National Company Law Tribunal (NCLT) for debt resolution. The NCLT order allows lenders to potentially recover more than half of their dues. Adani Group, UltraTech Cement, and JSW Cement may bid to acquire the debt-laden company.

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