Kotak Mahindra wins case to liquidate ARSS Infrastructure Projects Ltd even as 76% of lenders approved it

Kotak Mahindra Bank, which had 0.64% voting rights, objected to Ocean Capital Markets resolution plan since it would compel them to release third-party guarantees in favour of the resolution applicant without recovering their entire dues.

from Banking/Finance-Industry-Economic Times https://ift.tt/gY2tSQO