The Kolkata bench of the National Company Law Tribunal (NCLT) … approved Liberty House’s resolution plan to acquire Adhunik Metaliks. The bench comprising Justice Jinan KR held that “the revival plan of the company in accordance with the approved resolution plan shall come into force with immediate effect.”

— Hindu Business Line

AZB & Partners advised Sumit Binani, the resolution professional and Grant Thornton India LLP, the transaction advisors, in the insolvency. AZB’s fielded a team led by partners Bahram Vakil and Nilang Desai, and associates Suharsh Sinha, Navruz Vakil, Nayan Banerjee, Saloni Thakkar, Shruti Sethi, Urmika Tripathi, Pooja Kshirsagar.

2018-07-17

Deal value: $85.6m / INR 6000m

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