Gallantt Ispat announced that the company has successfully filed application with the Hon ble National Company Law Tribunal (NCLTJ, Kolkata Bench and Delhi Bench in the matter of Scheme of Amalgamation of Gallantt Ispat (GIL), AAR Commercial Company (AAR), Hipoline Commerce (Hipoline), Lexi Exports (Lexi) and Richie Credit and Finance (Richie) with Gallantt Metal (GML) and slump sale of power plant undertaking of GIL to GML under sections 230 to 232 of the Companies Act, 2013.
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