Jupiter Wagons Ltd’s Resolution Plan to Acquire Stone India approved

ICICI Bank Limited Vs Stone India Limited (NCLT Kolkata) Jupiter Wagons Ltd (JWL), a manufacturer of wagons, high-speed brake systems, and railway and engineering equipment, announces the approval of its resolution plan by the Kolkata National Company Law Tribunal (NCLT) to acquire a controlling stake in Stone India. Acquisition Approval and Background The Kolkata National Company Law Tribunal (NCLT) has granted approval to Jupiter Wagons Ltd (JWL) for its resolution plan to acquire a controlling stake in Stone India. JWL had previously acquired Stone India last year through a corporate insol...