14 firms set to bid for takeover of Dighi port – Mumbai Mirror

First port to be declared insolvent, Dighi port allegedly owed Rs 1,600 crore to banks, Rs 13 crore to Maritime Board and another Rs 16 crore to DBM Geotechnics.

Fourteen companies have lined up to take over the troubled Dighi Port, whose case of bankruptcy is being heard by the National Company Law Tribunal. Earlier supported by debt-laden IL&FS and currently run by Balaji Infra, the port has Vijay Kalantri, the former treasurer of Maharashtra Pradesh Congress Committee, as its director. Bids for its takeover will be submitted on October 26.

Dighi Port Limited in Raigad district is the first port to land in the NCLT, facing bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC). The NCLT has ordered the start of corporate…

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