Draft proposal: Mining letter of intent to be transferred to acquirer via insolvency route

Draft proposal: Mining letter of intent to be transferred to acquirer via insolvency route

However, the rule is silent on transfer of LOI. To address this issue, the mines ministry has now come out with a draft proposal to amend the relevant rule under the Act. Stakeholders have been asked to submit their suggestions by February 5.
Check the source here –Source, Financial Express.

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