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Monnet Ispat & Energy Ltd News
Monnet Ispat & Energy Ltd
Monnet Ispat says NCLT's insolvency resolution plan completed
Fri, Aug 31, 2018
Bankrupt Monnet Ispat & Energy today said the insolvency resolution plan approved by NCLT has been completed under which JSW Steel has provided a working capital advance of Rs 125 crore. The bankrupt Monnet owes over Rs 11,000 crore to a clutch of lenders.
Monnet Ispat lenders may take 64 pct haircut
Wed, Apr 11, 2018
All formalities relating to the resolution has to be completed by the deadline of April 13. According to a source in the know, the deal is likely to be around Rs 3,750 crore, of which close to Rs 2,750 crore could be in cash and remaining could be in equity.