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Simplex Projects’ promoter secures NCLT’s nod for acquiring company through bankruptcy

By Economic Times - 4 weeks ago
The Kolkata bankruptcy court has approved the revival plan for Simplex Projects proposed by its promoter, Sudarsshhan Das Mundhra. The plan, which received 99.51% approval from lenders, includes a payment of Rs 235.28 crore towards the company's total liabilities of Rs 2,108.49 crore.

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