Nagpur: Gupta Energy Private Limited (GEPL) a company under Gupta Group, which is counted among top bank defaulters, has moved an insolvency resolution before National Company Law Tribunal (NCLT).
The move is a step towards declaring that the company which is headed by Padmesh Gupta a prominent businessman from the city, is falling short of resources to pay its debts. The company has a bank loan overdue of Rs450 crore.
Gupta was also in news for the coal washery controversy in the state owned Mahagenco. For GEPL now a public notice has been issued, inviting all the creditors who can submit their claims along with proof. The claims have to be submitted till September 2017.
An insolvency resolution is moved when the promoter…
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