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JK Paper gets approval from NCLT to acquire SPML

20 Jul 2018 Evaluate

JK Paper has received approval from National Company Law Tribunal (NCLT), Hyderabad Bench, for the Resolution Plan submitted by the company. The Resolution Plan involves acquisition of Sirpur Paper Mills (SPML) under the Corporate Insolvency Resolution Process (CIRP) initiated against SPML under the lnsolvency and Bankruptcy Code 2016 (lBC).

In terms of the Resolution Plan, Rs 371 crore will be paid towards settlement of financial creditors, corporate insolvency resolution process cost, admitted operational creditors, workmen and employee dues, etc.

JK Paper is engaged in paper manufacturing business. The company is India’s largest producer of branded papers is a leading player in the printing and writing segment.

JK Paper Share Price

375.20 -3.65 (-0.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
JK Paper 375.20
TN Newsprints 140.05
West Coast Paper 492.00
Emami Paper Mills 75.24
Seshasayee Paper 270.95
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