GAIL India declared successful resolution applicant for JBF Petrochemicals

21 Oct 2022 , 01:34 AM

GAIL India has been declared the successful resolution applicant for the acquisition of JBF Petrochemicals under Corporate Insolvency Resolution Process CIRP Now GAIL shall submit Performance Security subsequent to which the Resolution Professional shall submit GAILs Resolution Plan for approval of the Honble NCLT Ahmedabad Bench Adjudicating Authority in accordance with the provisions of the IBC and the rules and regulations made thereunder