Following a prolonged insolvency process that failed to yield a viable rescue plan, the Mumbai Bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Yatin Steels India Private Limited. The court-appointed liquidator has now moved to auction the company’s “Not Readily Realisable Assets” (NRRA), including a massive legal claim valued at over ₹476 crore.
The Auction: Chasing ₹476 Crore in Legal Claims
The liquidator, Sanjay Vijay Jeswani, has issued a public invitation for Expressions of Interest (EoI) for the assignment of these specific assets on an “as is where is” and “without recourse” basis.
The centerpiece of the auction is an application filed under Section 66 of the…