Written by Mithun Dasgupta | Kolkata |
Published: April 15, 2018 3:49:11 am
National Sales claims fell in the category of 31 operational creditors for which claims are under dispute in the pre-corporate insolvency resolution process
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a monetary penalty on the resolution professional (RP) of insolvent Electrosteel Steels for failure to consider the claim of an operational creditor, and also for disregarding repeated requests of the Board for a response on the complaint. Passing an order, dated April 13, …
Read the full article at: http://indianexpress.com/article/business/business-others/electrosteel-insolvency-case-ibbi-fines-resolution-professional-for-not-considering-creditor-claim-5137849/