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NCLT extends time period for Corporate Insolvency Resolution Process for Electrosteel Steels Limited – Economic Times

, ET Bureau|

Dec 28, 2017, 07.30 PM IST

Steel-
The Kolkata-based company is saddled with a debt burden of Rs 10,274 crore, an amount it owes to a consortium of banks led by SBI.

The National Company Law Tribunal (NCLT) has extended time period for Corporate Insolvency Resolution Process for Electrosteel Steels Limited (ESL)by a period of 90 days with effect from January 17, 2018. The dec…

Read the full article at: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclt-extends-time-period-for-corporate-insolvency-resolution-process-for-electrosteel-steels-limited/articleshow/62283491.cms

Category: BankruptcyBy Insolvency GuardianDecember 28, 2017

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