Related Keywords: Alok Industries, JM Financial Asset Reconstruction Company, textile company voting in favour of the resolution plan given by billionaire Mukesh Ambani’s company
JM Financial Asset Reconstruction Company has emerged as the sole bidder for Alok Industries.Alok Industries has received claims of Rs 29,500 crore from lenders with State Bank of India being the lead bank. One of the officials cited earlier, “With the 270 days deadline three days away — on April 14 — lenders are not in a position to bargain a better deal”
