NCLAT asks promoters of Sterling Biotech to pay Rs 3,100 crore in a month

The three-member NCLAT bench, headed by chairperson Justice SJ Mukhopadhaya, said: “In case the amount does not come within 30 days from the date of the order, the company will go for liquidation.” In that event, the appellate tribunal will restore the order of liquidation of the firm, it added.

from The Financial ExpressThe Financial Express https://ift.tt/2XnYrzi