Majority of lenders of textiles firm Alok Industries have approved Reliance Industries' resolution plan to acquire the debt ridden company.
UBI, which referred 30 stressed accounts with an aggregated exposure of Rs 5,961 crore to NCLT in 2017-18 (FY18), is betting on the resolution of bad loan accounts.
Punj Lloyd expressed hope that the insolvency plea against the company by ICICI Bank would not be admitted by the National Company Law Tribunal (NCLT).
FHL has withdrawn a composite scheme of "arrangement and amalgamation between the company, Fortis Malar Hospitals, SRL and their respective shareholders and creditors", subject to NCLT approval.
The ruling pertained to a petition filed by the ministry seeking relief on various counts against the backdrop of the Rs 5,600-crore payment crisis at NSEL.