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NCLT Orders Metalyst Forgings Rebid - (09 Oct 2019)

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National Company Law Tribunal’s (NCLT) Mumbai bench has ordered a fresh round of bidding for stressed auto forgings company Metalyst Forgings after finding truth in winner Deccan Value Investors’ (DVI) claim that its plan had been “vitiated” due to “incorrect information” on the asset. However, it emphasised that DVI could have carried out its due diligence more effectively to avoid “derailing” of the resolution process.

Tags : NCLT   METALYST FORGINGS  

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