A Mumbai based shipping company, once backed by several leading private equity investors including Singapore sovereign wealth fund GIC, has been admitted into insolvency on a plea by the country’s top private sector lender. Mercator Ltd has been dragged to the National Company Law Tribunal’s (NCLT) city bench by ICICI Bank ......
Former GIC backed shipping company dragged to bankruptcy court
By Beena Parmar
- 24 Mar 2021