Tag: Bankrupt
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Is Adhunik Metaliks Going to Face Liquidation over Non-Payment to the Creditors by Liberty House?
In a recent update on the bankruptcy case of Kolkata based steel maker, Adhunik Metaliks, its CoC (Committee of Creditors) approved bidder, Liberty House failed to make upfront payments of INR 410 crore to its operational creditors within the stipulated time of October 2018. Subsequently, the NCLT (National Company Law Tribunal) has suggested the CoC…