MUMBAI: The National Company Law Tribunal has sought Gujarat NRE Coke’s employee details as it is expected to deliver Tuesday its final order on the company’s liquidation, with no concrete plans of revival in the Rs 4,900-crore default case being reached before the clock ran out.
The resolution professional, Sumit Binani, has submitted his report to the Kolkata chapter of the dedicated bankruptcy court in the case in which the stipulated period of 270 days to hammer out a resolution plan is over.
Lawyers for the affected members of the staff argued that the court may order liquidation as a going business entity instead of shutting it down first to sell the company’s assets, said an executive who attended the court hearing….
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