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News Tribunal orders insolvency proceedings against Vadraj Cement

Tribunal orders insolvency proceedings against Vadraj Cement

Written by Global Cement staff 05 February 2024
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India: The National Company Law Tribunal has initiated a corporate insolvency resolution process for Vadraj Cement. The former cement producer defaulted on US$10.5m in debts owed to Punjab National Bank. Mint News has reported that Vadraj Cement has total debts of US$843m.

Last modified on 07 February 2024
Published in Global Cement News
Tagged under
  • India
  • National Company Law Tribunal
  • insolvency
  • debt
  • Debts
  • Punjab National Bank
  • Government
  • GCW645

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