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Samvad Partners’ Insolvency and Disputes Team, led by Partner Ankur Singh, successfully advised and acted for EAAA India Alternatives Limited and Vistra ITCL (India) Ltd., financial creditors to Allied Strips Ltd.
A substantial debt of over 216 cr. was resolved as Allied Strips was acquired by Jindal Steel through its subsidiary Jindal Steel Odisha for Rs.217.53 Cr. This was a direct result of legal actions initiated against Allied Strips and its personal guarantors under the Insolvency and Bankruptcy Code.
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