Binani Cement’s lenders approach NCLAT over corporate guarantees – Livemint
Binani Cement owes close to Rs3,042.93 crore to a consortium of lenders. Photo: Mint Mumbai: At least two lenders of Binani Cement Ltd, currently undergoing insolvency proceedings, have moved the appellate bankruptcy tribunal after the insolvency resolution professional (IRP) rejected their claims on corporate guarantees worth Rs2,000 crore issued by the company to some subsidiaries…