Deal marks the first purchase of a private firm by a govt-owned firm under IBC
Jawaharlal Nehru Port Trust (JNPT) has won approval from the National Company Law Tribunal (NCLT) to buy debt-laden Dighi Port Ltd for ₹853.3 crore in one of the cheapest deals in the port sector.
On May 8, the Mumbai Bench of the NCLT approved the resolution plan submitted by JNPT, India’s biggest container port, for Dighi Port, marking the first instance of a government-owned company. acquiring a private firm under...
https://container-news.com/jnpt-receives-approval-buy-dighi-port/