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NCLT resolution to settle over Rs 1.6 tn of debt of steel sector: Report

Companies with around 22 million tonne (MT) of crude steel capacity have been referred to the National Company Law Tribunal (NCLTNational Company Law Tribunal.  The Central Government has constituted National Company Law Tribunal (NCLT) under section 408 of the Companies Act, 2013 (18 of 2013) w.e.f. 01st June 2016. In the first phase the Ministry of Corporate Affairs have set up eleven Benches, one Principal Bench at New Delhi and one each Regional Benches at New Delhi, Ahmedabad, Allahabad, Bengaluru,...) in the first round of the stressed assets resolution process by the RBIhttps://economictimes.indiatimes.com/industry/indl-goods/svs/steel/steel-sector-nclt-resolution-to-settle-over-rs-1-6-tn-of-debt-report/articleshow/64160866.cms

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