BHEL approaches NCLAT seeking recovery in Monnet Ispat


BHEL approaches NCLAT seeking recovery in Monnet Ispat

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

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