International Business

BIFR ruling in favour of Tata Steel in INCAB case

The Board for Industrial and Financial Reconstruction ruling in the case of INCAB has gone in favour of Tata Steel, a company release said. - BIFR accepts Tata Steel"s Rs 100 cr revival plan for INCAB - RPG Cables to rope in strategic investor - Tata Steel makes Rs 25-cr deposit for Incab - NTC rapped for selling surplus land at cheaper rates - M J Antony: Waiting for judgements">M J Antony: Waiting for judgements - Tata Steel offers Rs 100-cr revival package for Incab The revival of INCAB was taken up by two bidders. During the ongoing proceedings before the Delhi High Court, the workers of INCAB filed an application and an individual affidavit pleading that Tata Steel should be directed to submit a revival scheme for the sick company. The request of workers was allowed and Tata Steel was directed by Delhi High Court to submit a proposal for revival of the sick company.

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