Insolvency: Dalmia's letters to CVC, RBI irk Binani Cement lenders

Majority of lenders has supported the revised offer from Binani Industries but asked the company to obtain SC's permission

Dalmia Bharat Cement's letters to the Central Vigilance Commission (CVC) and the Reserve Bank of India (RBI) asking for a probe into the race for the acquisition of Binani Cement has irked a major section of the lenders.

Some of the creditors having considerable exposure to Binani Cement are viewing the move from Dalmia Bharat Cement unnecessary, citing that the matter is in the Supreme Court and the decision taken by the country's apex court will be the final and binding for all the stakeholders involved in the tussle in the acquisition process of Binani Cement.

"The lenders themselves did