The Kolkata bench of the National Company Law Tribunal (NCLT) on Friday issued an interim order admitting State Bank of India’s (SBI) insolvency application against the city based Electrosteel Steels Limited for initiating the corporate insolvency resolution process.
“The petition filed by the Financial Creditor (in the case SBI) under section 7 of the Insolvency & Bankruptcy Code (IBC), 2016 is hereby admitted for initiating the corporate resolution process and declare a moratorium and public announcement…,” the order said.
According to the order, Dhaivat Anjaria of PwC has been appointed as Interim Resolution Professional (IRP) for ascertaining the particulars of creditors, convening a committee of creditors for evol…
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