Vedanta, Adani, JSW Infra, submit EOIs for Karaikal Port
The NCLTs Chennai bench had admitted Karaikal Port for insolvency proceedings via an order dated April 29, following an application made by one of its financial creditors, Omkara Asset Reconstruction Company. Subsequently, the NCLT appointed Rajesh Sheth as the companys resolution professional. He is backed by Deloitte. The company has debt of Rs 2,960 crore that it was unable to repay.