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NCLT Clears Sterling SEZ's One-Time Settlement Offer - (12 Apr 2019)

INSOLVENCY

National Company Law Tribunal (NCLT) has cleared a controversial proposal by public sector banks to withdraw bankruptcy proceedings against Sterling SEZ and Infrastructure Ltd. after company’s absconding promoters made one-time settlement (OTS) offer to lenders from overseas.

Tags : NCLT. STERLING  

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