The National Company Law Tribunal (NCLT) has approved the resolution plan submitted Patanjali for the debt-ridden Ruchi Soya. The NCLT also ordered the registrar to immediately communicate this order to the resolution professional, resolution applicant, corporate debtor and Insolvency and Bankruptcy Board of India (IBBI).
Ruchi Soya Industries is a leading manufacturer and India’s largest marketer of healthier edible oils, soya food, premium table spread, vanaspati and bakery fats. It is also the highest exporter of soya meal, lecithin and other food ingredients from India.
