National Company Law Tribunal (NCLT)

NCLT to accept revised offers for Dighi Port

New twist comes after JNPT decides not to accept the modifications to its resolution plan ordered by NCLT

The Mumbai bench of the National Company Law tribunal (NCLT) has allowed Adani Ports and Special Economic Zone Ltd (APSEZ) and Gannon Dunkerley & Co Ltd to submit revised bids for debt-laden Dighi Port Ltd after state-run Jawaharlal Nehru Port Trust (JNPT) said it was not agreeable to the modifications suggested by the insolvency court to its lenders approved resolution plan.

On May 8, NCLT...

https://container-news.com/nclt-to-accept-revised-offers-for-dighi-port/

JNPT-Dighi Port deal in trouble

NCLT directs changes to the resolution plan submitted by JNPT

The National Company Law Tribunal (NCLT) order directing modification to the resolution plan submitted by Jawaharlal Nehru Port Trust (JNPT) for the debt-laden Dighi Port Ltd could spell trouble for the ₹853.28-crore deal that was approved by the lenders’ panel and ratified by the insolvency court in Mumbai on May 8.

The NCLT direction pertains to sub-lease deeds and sub-concession agreement signed between Dighi Port and the Veritas...

https://container-news.com/jnpt-dighi-port-deal-trouble/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.