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NCLAT Axes Bankruptcy Case Against Essar Unit

Mint New Delhi

|

March 20, 2025

The National Company Law Appellate Tribunal (NCLAT) has set aside a bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group.

- Krishna Yadav

A bench led by NCLAT chairperson Justice Ashok Bhushan overturned an order by the National Company Law Tribunal (NCLT), based on a petition by Greka Green Solutions (India) Ltd, claiming dues of $24.38 crore ($2.96 million).

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