Resolution professionals for Ballarpur Ind, KSK named

NEW DELHI: Lenders have appointed resolution professionals (RP’s) to run the insolvency proceedings of Ballarpur IndustriesNSE 16.67 % Limited (BILT) and KSK Mahanadi Power, kicking off the process to find buyers for the two companies, as per people aware of the matter.

KPMG’s Anuj Jain has been appointed to run the insolvency proceedings of BILT. Sumit Binani will manage the insolvency process for KSK Mahanadi Power.