Subhash Chandra-promoted Essel Group‘s Shirpur Gold Refinery Limited (SGRL) has been admitted for corporate insolvency resolution.
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The development follows an application filed by Prudent ARC at the Mumbai bench of the National Company Law Tribunal (NCLT) after SGRL defaulted on dues of about 92 crore.
To secure a 65-crore loan, SGRL had given an undertaking to Industrial Finance Corporation of India (IFCI) that it…
Read the full article at: https://m.economictimes.com/news/company/corporate-trends/essel-group-company-shirpur-gold-admitted-for-insolvency/articleshow/111267396.cms