Comments
The National Company Law Tribunal has directed the lenders of Kwality to reconsider the revised ₹145 crore offer made by Haldiram Snacks. Earlier, the latter had offered ₹142 crore to acquire the debt-ridden firm, but the lenders rejected that. The Tribunal has also extended the Corporate Insolvency Resolution period by another three weeks and directed the Committee of Creditor to reconsider the enhanced offer. Kwality has a total debt of around ₹1,900 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.