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Nagpur: Seems their is no end to defaulters in Nagpur, one after another many companies in and around Nagpur are getting into trouble with their respective bankers initiating insolvency proceedings against them. Now its turn of Bhatia Global Trading Limited, which has landed in trouble after IDBI Bank initiated insolvency proceedings against it for recovery of Rs 82,04,12,819.41 as principal borrower and Rs 38,31,06,744.44 as corporate guarantor to Asian Natural Resources (India) Limited. The National Company Law Tribunal (NCLT), Ahmadabad bench while allowing the insolvency petition has appointed Nitin Parikh, Interim Resolution Professional.
Bhatia Group deals mainly in imp…
Read the full article at: http://www.nagpurtoday.in/now-insolvency-proceedings-initiated-against-bhatia-coal-group/06101903