Public sector enterprise BHEL, which is an operational creditor of Monnet Ispat, has approached the National Company Law Appellate Tribunal (NCLAT) seeking to recover its dues from the stressed company.
A two-member bench headed by NCLAT Chairman Justice S J Mukhopadhaya has issued a notice to the company and JSW Steel, which has emerged as the highest bidder for the firm.
BHEL had provided equipment that were inevitable for the functioning of Monnet Ispat’s Raigarh plant. Read More
Latest posts by Business-Standard.com (see all)
- Adani Power says resolution plan for GMR Chhattisgarh approved - June 26, 2019
- SBI-led group of lenders approves Adani Power’s bid for GMR Chhattisgarh - June 26, 2019
- L&T Bags Rs 7,000 crore order for power project - June 25, 2019