Piramal-Birla friction surfaces over Binani cement acquisition at PM meet

Aditya Birla Group Chairman Kumar Mangalam Birla and Piramal Group Chairman Ajay Piramal voiced their differences on bankruptcy proceedings in a meeting with Prime Minister (PM) Narendra Modi, along with other business leaders, in Mumbai on Tuesday. 

Piramal and Birla are pitted against each other in the National Company Law Tribunal (NCLT) process for the acquisition of Binani Cement.

According to a source who attended the meeting, Piramal informed the PM that the NCLT process was being vitiated by some players who had lost the race at the bidding stage but were trying to get back into the process through