Bil Energy enters liquidation as it fails to get any revival plan
The bankruptcy court has admitted Bil Energy System Ltd for liquidation as no viable revival plan was offered to the lenders of the BSE-listed firm that has failed to pay dues of about Rs 167 crore.
As part of the process, the National Company Law Tribunal (NCLT) has also appointed G Madhusudhan Rao as the company’s liquidator, said people aware of the development.
