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News Supreme Court retains control of sale of Binani Cement

Supreme Court retains control of sale of Binani Cement

Written by Global Cement staff 05 June 2018
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India: The Supreme Court has said that the final sale of Binani Cement cannot complete without its approval. It added that no decision on the sale will now be made until at least early July 2018. However, it has allowed the debt resolution process to continue, according to the Press Trust of India. UltraTech Cement and Dalmia Bharat have both made bids for the bankrupt cement producer but they have fought each other legally over the process.

Last modified on 06 June 2018
Published in Global Cement News
Tagged under
  • Legal
  • Supreme Court
  • Binani Cement
  • Binani Industries
  • UltraTech Cement
  • Dalmia Bharat
  • Acquisition
  • GCW356
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