The National Company Law Tribunal, Kolkata Bench has approved the Resolution Plan submitted by Dalmia Bharat Refractories Limited and Himadri Speciality Chemicals Limited in respect of Birla Tyres Limited.
The revival plan submitted by the two companies had received the approval of the committee of creditors of Birla Tyres, which belongs to the Basant Kumar Birla Group of companies, with a vote share of 82.48 per cent
Nifty futures on the NSE International Exchange traded 5 points, or 0.03 per cent, lower at 19,806, hinting at a flattish start for the domestic market on Tuesday.
NSE's Nifty50 settled at 19,996.35, surging 176.40 points, or 0.89 per cent. BSE's Sensex rose more than 528.17 points, or 0.79 per cent, to close at 67,127.08 for the day.