Reid & Taylor: NCLT Stalls Liquidation, Accepts Union Bid For Company – BloombergQuint
“As liquidation will get only a meagre value, the creditors will be most affected and the workmen will be losing their livelihood,” the tribunal said in an order passed on January 1 on an RP proposal from the union submitted on Dec. 19, 2018. The bench cited a recent Supreme Court order in the Arcelor…