Gujarat NRE Coke Ltd founder Arun Kumar Jagatramka. Photo: Indranil Bhoumik/Mint
Kolkata: The Kolkata bench of the National Company Law Tribunal (NCLT) on Thursday ordered the liquidation of Gujarat NRE Coke Ltd, while appointing insolvency resolution professional Sumit Binani as the official liquidator.
Considering the appeal of around 1,200 permanent workers, the bench has asked the liquidator to sell within three months the companys assets without disrupting operations, according to L.P. Tiwari, the legal counsel for the companys founder, Arun Kumar Jagatramka.
Binani declined to comment, saying that he had not received a copy of the order yet.
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