NCLT approves Sterling Biotech’s acquisition by US-based Perfect Day, Legal News, ET LegalWorld – Legal Firms

[ad_1] India’s bankruptcy court has approved US-based food technology startup Perfect Day’s acquisition of Sterling Biotech under the Insolvency & Bankruptcy Code (IBC).In April, the California-based company emerged successful with a bid of Rs 638 crore against the reserve price of Rs 548.46 crore for the debt-ridden company, which owes...