 "Power plant")
The resolution professional for Essar Power Jharkhand, Huzefa Fakhri Sitabkhan, has invited expressions of interest (EoIs) and resolution plans from companies by July 10.
Essar Power Jharkhand was admitted under the Insolvency and Bankruptcy Code (IBC) for the Corporate Insolvency Resolution Process on April 5.
The company owes creditors around Rs 56.4 billion as of May 22, according to a legal document on the company’s website.
The company has a 1,200 megawatt coal-fired independent plant at Chandwa in Jharkhand.
ICICI Bank moved the National Company Law Tribunal (NCLT) in January to recover dues of around Rs 36.26 billion. The company
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