NCLT approves Prakash Asphaltings & Toll Highways’ resolution plan for Rajahmundry Godavari Bridge. | News On Project

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Published On:August 16 2022

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NCLT approves Prakash Asphaltings & Toll Highways’ resolution plan for Rajahmundry Godavari Bridge.

The bankruptcy court has approved the resolution plan submitted by Prakash Asphaltings & Toll Highways (India) Ltd. for Rajahmundry Godavari Bridge Ltd. (RGBL). The bridge, built on the river Godavari, connects Rajahmundry and Kovvur in Andhra Pradesh.

The Mumbai bench of the National Company Law Tribunal (NCLT) gave its nod after the lenders approved the revival plan with 100% voting in its favour.

ET

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