Monnet Ispat & Energy is third from RBI’s first list that will be taken over by new investors. : Mumbai: The National Company Law Tribunal (NCLT) has approved the bid of AION Capital-JSW Steel to acquire Monnet Ispat & Energy Ltd, providing major relief to the consortium. The country’s largest lender, State Bank of India (SBI), approached the Mumbai bench of NCLT in July last year to recover its dues under the Insolvency and Bankruptcy Code (IBC).