{"id":278132,"date":"2019-06-12T05:16:17","date_gmt":"2019-06-12T05:16:17","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278132"},"modified":"2019-06-12T05:16:17","modified_gmt":"2019-06-12T05:16:17","slug":"gail-moves-appellate-court-to-challenge-alok-industries-resolution-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-moves-appellate-court-to-challenge-alok-industries-resolution-plan\/","title":{"rendered":"Gail moves appellate court to challenge Alok Industries resolution plan"},"content":{"rendered":"<p>A joint resolution plan submitted by JM FinancialNSE -0.78 % Asset Reconstruction Co Ltd and Reliance IndustriesNSE 0.38 % to take over distressed textiles company Alok IndustriesNSE 4.11 % has hit a roadblock after GailNSE 1.19 % India, an operational creditor to Alok, challenged the plan before an appellate court. <\/p>\n<p>In a petition filed before the National Company Law Appellate Tribunal (NCLAT) in Delhi on May 27, Gail has opposed the resolution plan because it did not consider the government-owned gas and petrochemical company\u2019s claims, people familiar with the development said. The appellate tribunal will hear the matter on July 16. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint resolution plan submitted by JM FinancialNSE -0.78 % Asset Reconstruction Co Ltd and Reliance IndustriesNSE 0.38 % to take over distressed textiles company Alok IndustriesNSE 4.11 % has hit a roadblock after GailNSE 1.19 % India, an operational creditor to Alok, challenged the plan before an appellate court. In a petition filed before the National Company Law Appellate Tribunal (NCLAT) in Delhi on May 27, Gail has opposed the resolution plan because it did not consider the government-owned gas and petrochemical company\u2019s claims, people familiar with the development said. The appellate tribunal will hear the matter on July [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-278132","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=278132"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278132\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}