Lenders reject RIL, JM Financial’s joint bid for bankrupt Alok Industries

Lenders reject RIL, JM Financial’s joint bid for bankrupt Alok Industries

REUTERS/Shailesh Andrade

A resolution plan for Alok Industries Ltd submitted jointly by Reliance Industries Ltd (RIL) and JM Financial Asset Reconstruction Co. was not approved by the committee of creditors (CoC), RIL said in a stock exchange notification on Sunday.

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