“The Mumbai bench of National Company Law Tribunal (NCLT) on Wednesday approved the resolution plan for Jyoti Structures presented by the Resolution Professional on behalf of a group of investors led by Sharad Sanghi and others,” reported Business Standard about the insolvency acquisition.

The deal will involve repayment of Rs 3,692 crore of the company’s debts to creditors over 12 years.

Cyril Amarchand Mangaldas advised State Bank of India and other members of the Committee of Creditors of Jyoti Structures Limited led by a team of partner L Viswanathan (chair finance and projects), partner Dhananjay Kumar, principal associate Abhishek Mukherjee and associate Hamraj Singh.

2019-03-27

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Update 13 May 2019: Cyril Amarchand Mangaldas advised State Bank of India and others led by a team including .