Binani Industries steps up pleas against its cement unit resolution

Binani Cement may file a fresh petition against the CoC for accepting the resolution plan of Dalmia Bharat Cement

Binani Industries will be moving a contempt application against the resolution professional (RP) and his assistant in the Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), alleging non-compliance to a court order. It will also submit a separate plea against the committee of creditors (CoC) in the Kolkata Bench of the National Company Law Tribunal (NCLT).

Sources told Business Standard that initially, the directors of Binani Cement had moved the Kolkata Bench of the NCLT, alleging vested interest of the RP in evaluating the assets of Binani Cement. They moved the Delhi Bench of NCLT with a similar