Bharati Defence liquidator looks to sell company as going concern

The liquidator of Bharati Defence and Infrastructure (BDIL) has sought bids for the company, which makes ships for defence services and offshore vessels, as a going concern. The National Company Law Tribunal (NCLT) had closed insolvency process related to the firm in January 2019.   A senior executive with a lender that has exposure to the sick entity said it was put in liquidation after a long legal battle. Lenders are trying to discern if there is any investor interest in buying the company as a going concern on a consolidated basis. Going concern is the principle that assumes an enti.....

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