NCLAT overrules BHEL objections, gives nod to Surana Power liquidation – The Indian Express
Written by Aashish Aryan | New Delhi | Published: June 20, 2020 1:21:59 am Following the award, BHEL, which is also one of the secured creditors, refused to give its consent for liquidation as it would have resulted in it getting lesser share according to IBCs waterfall mechanism. The National Company Law Appellate Tribunal (NCLAT)…