The Mumbai Bench of the National Company Law Tribunal (NCLT) allowed State Bank of India's petition to initiate the insolvency proceedings after the state-owned lender approached it in 2019 against the manufacturer of transformers parts following a default on dues of over ₹167 crore. Bil Energy's clients include BHEL, Emerson Climate Technologies, Suzlon, Bharat Bijlee and Tecumseh Products, among others.from Energy-Industry-Economic Times https://ift.tt/sZjtDgw
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