Bulletin Updates

MFC settles Rs 4,500-crore debt with lenders outside NCLT ambit – 23 Sep 2021

Sep 23, 2021

Matix Fertilisers & Chemicals Limited, a company founded by Nishant Kanodia, son-in-law of Essar Group co-founder Ravi Ruia, settled its entire Rs 4,500 crore debt by entering a one-time settlement (OTS) of Rs 3,082 crore with its creditors, three people with knowledge of the matter said.

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