New Delhi, Feb 12 (UNI) After suffering from an acute financial crisis for years, United News of India (UNI), one of the oldest and credible news agencies in the country, is poised for rejuvenation as the National Company Law Tribunal (NCLT) today approved a Resolution Plan for the 64-year-old company.
The approval of the Resolution Plan, under the Insolvency and Bankruptcy Code (IBC), provides for a substantial investment into the sick company, bringing much-wanted cheers to about 900 serving and former employees, including hundreds of Journalists.
“Today, history has been created as the Hon’ble NCLT has approved the Resolution Plan submitted by The Statesman Ltd, to revive United News of India (UNI),” said an excited Resolution…
