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Essar group sees second firm fall into bankruptcy

By Beena Parmar

  • 12 Mar 2021
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Essar group sees second firm fall into bankruptcy
Credit: 123RF.com

A second Essar group firm has been admitted to insolvency by the National Company Law Tribunal (NCLT) over a default on a loan of Rs 69 crore ($9.5 million).  L&T Finance has pushed Essar Shipping into bankruptcy after its step-down subsidiary Essar Oilfields Services (now OGD Services) failed to repay the ......

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