Sintex Industries lenders agree to sell debt as resolution hangs fire

The Ahmedabad NCLT is scheduled to hear the matter on a resolution plan on December 7, according to the tribunal's website. Several issues are being heard at the tribunal, potentially delaying the resolution. Axis Bank has filed a petition with the tribunal opposing the distribution of the proceeds from the winning resolution applicant. Axis Bank was the only bank that voted against the resolution plan.

from Banking/Finance-Industry-Economic Times https://ift.tt/PxQoU6c