The Hyderabad bench of National Company Law Tribunal (NCLT) has approved the resolution plan submitted by JK Paper for reviving Sirpur Paper Mills. Following the order, the company is hopeful of reopening in a week’s time. As per the resolution plan, the revival covers a total outlay of Rs.782 cr., including settlement of dues of about Rs.371 cr. against a claim of Rs.673 cr., and investment of about Rs.400 cr. towards revival and capacity augmentation.
NCLT clears JK Paper’s resolution plan to revive Sirpur Paper Mills
Date posted: Friday 20 July 2018