The Committee of Creditors has approved the resolution plan submitted by the Jawaharlal Nehru Port Trust (JNPT) to buy Dighi Port Limited (DPL) under the Insolvency and Bankruptcy Code, 2016. JNPT has quoted an upfront payment of Rs 6 billion, besides capital infusion. Meanwhile, the approval of the lender’s panel will be submitted to the National Company Law Tribunal for ratification.
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