At meeting held on 13 January 2018
The Board of Jayaswal Neco Industries at its meeting held on 13 January 2018 has reviewed the status of debt restructuring scheme of the company taking into account -Writ Petition filed by the company before the Bombay High Court for issuance of an appropriate writ, order or direction for implementation of the approved debt restructuring scheme of the company.
Application filed by the State Bank of India before the NCLT against the company under Insolvency and Bankruptcy Code, 2016 to initiate Corporate Insolvency Resolution Process.
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