Thursday, January 31st, 2019


Patanjali moves NCLT for considering its Ruchi Soya offer: Report

Baba Ramdev-led Patanjali Ayurved has moved the National Company Law Tribunal (NCLT) asking it to direct Ruchi Soya to consider its offer, according to a report by The Economic Times. Patanjali filed its plea on January 23 in the Mumbai bench of the insolvency tribunal, as per the report. The next hearing for the matter is slated for February 7. “We have filed an application with the NCLT for it to direct the Ruchi Soya lenders to consider our offer,” a Patanjali Ayurveda spokesperson told the paper. Patanjali’s move comesRead More