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resolution plan: NCLT directs Swan Energy to make upfront payment for Reliance Naval

Swan Energy, the company that won the bid to buy Reliance Naval and Engineering Ltd, has been asked by the Ahmedabad bench of NCLT to make the upfront payment as proposed in the resolution plan. Swan Energy has not made the payment of around Rs 250 crore and has requested a third extension.
Engineering Ltd Swan Energy Reliance Naval Hazel Mercantile Resolution Plan Ahmedabad Bench

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