SC restrains finalisation of Binani Cement asset sale till further orders
New Delhi, Jun 4 (DIN NEWS) The Supreme Court today restrained finalisation of sale of assets of Binani Cement Ltd without its prior approval but allowed the debt resolution process to go on. The top court also said that further proceedings will be subject to its orders. A vacation bench of Justices Adarsh Goel and Ashok Bhushan issued notice on a petition filed by Rajputana Properties Ltd and restrained the Committee of Creditors from taking any final decision. “Issue notice returnable on July 2, 2018. In the meantime, no final order…
Read More