State Bank of India Vs Coastal Projects Limited [CP (IB) No. 593/KB/2017]

In this particular case, State Bank of India Vs Coastal Projects Limited [CP (IB) No. 593/KB/2017], the Kolkata Bench of National Company Law Tribunal has admitted Corporate Insolvency Resolution Proceedings against the respondent company. The name of the respondent company can be seen in the second list of defaulters of loans on Reserve Bank Of India. The respondent company was referred to the Insolvency Board by the appellant for unpaid dues of more than Rs 900 crore. 

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