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UniVision Engineering Ltd - Hong Kong-based company that supplies, designs, installs and maintains closed-circuit television and surveillance systems, and also sells security-related products -...
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.
Swan Energy is yet to make the upfront payment of around Rs 250 crore as proposed in the resolution plan, even as the second extended deadline ended on September 14
The trade association has named Louis Jahn to the role.
Move is part of group's ongoing global growth strategy