Luthra acts on $21m JSW buy of insolvent Vardhman Industries

National Company Law Tribunal (NCLT), New Delhi has approved the resolution plan submitted by JSW Steel as approved by the Committee of Creditors of Vardhman Industries Limited (VIL), which has been undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, according to a notification by JSW Steel to the BSE on Thursday. Vardhman Industries Ltd. — The Economic Times

L&L Partners advised JSW Steel Limited led by a team of partner Bikash Jhawar with partne Manmeet Singh and also including lawyers Avinash Subramanian, Nakul Sachdeva, Aakarshan Sahay.

2018-12-20

Deal value: USD 21 million

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