Brief: Mercator Says Proceedings Filed By Few Operational Creditors Against Co Under IBC For Recovery Of Outstanding Dues

Mercator

11/02/2020 13:56

Feb 11 (Reuters) - Mercator Ltd  MRCT.NS :
    * MERCATOR LTD - PROCEEDINGS FILED BY FEW OPERATIONAL
CREDITORS,
ICICI BANK AND SBI AGAINST CO UNDER IBC FOR RECOVERY OF
OUTSTANDING DUES
    * MERCATOR - PETITIONS FILED AGAINST CO NOT ADMITTED,
CORPORATE
INSOLVENCY RESOLUTION PROCESS NOT STARTED FOR CO YET
    * MERCATOR LTD-ICICI FILED APPLICATION SEEKING DIRECTIONS
FROM
NCLT FOR RESTRAINING CORPORATE DEBTOR FOR SALE OF INTEREST IN
CB-9 OIL BLOCK
    * MERCATOR LTD- UNIT, BANK OF BARODA AND DEBENTURE TRUSTEES
ALSO
FILED INTERVENTION APPLICATIONS OPPOSING APPLICATION OF ICICI

Source text for Eikon:  ID:nBSE8TNDW 
Further company coverage:  MRCT.NS 

 ((Reuters.Briefs@thomsonreuters.com;))