Sivasankaran to appeal in NCLAT against liquidation order
Siva Industries and Holdings Limited (Siva Industries) which owes lenders about Rs 5,000 crore will go into liquidation after the NCLT rejected the application
Siva Industries and Holdings Limited (Siva Industries) which owes lenders about Rs 5,000 crore will go into liquidation after the NCLT rejected the application
The discussion paper has proposed to provide in the Regulations that if the secured creditors having 60 per cent of the value in the secured debt decide to relinquish or realise security interest, such decision shall be binding on the other 'pari-passu' charge holders
'Such are the differences that, if the banks are 'north pole', home buyers are 'south pole'. The only possible way forward for Jaypee seems to be liquidation.'
