The bankruptcy court has admitted BSE-listed Bil Energy Systems Ltd under the corporate insolvency resolution process (CIRP) and has appointed Anuj Bajpai as its interim resolution professional.
The Mumbai bench of the National Company Law Tribunal (NCLT) allowed the State Bank of India’s petition to initiate the insolvency proceedings after the state-owned lender approached it in 2019 against the manufacturer of transformers parts following a default on dues of over Rs 167 crore.
