Elektrans declared insolvent – Splash 247

Elektrans declared insolvent

Creditors have until May 7 to submit claims as Daniel Chopras Elektrans Shipping has finally been declared insolvent.

Insolvency proceedings against the Indian owner started earlier this month with the process estimated to be concluded by October 20.

The tanker players downfall has been a long time coming with multiple reports of Chopra failing to pay staff on shore and at sea in recent years.

Last year the firms Singapore subsidiary was closed. The companys most high profile foreign executive, Michael Elwert, a Danish national, quit at the start of this year and has since taken a senior role at ship manager V.Group.

Established in 2001, Elektrans Group was formerly known as Doehle Da…

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