Former GIC backed shipping company dragged to bankruptcy court
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Former GIC backed shipping company dragged to bankruptcy court

By Beena Parmar

  • 24 Mar 2021
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Former GIC backed shipping company dragged to bankruptcy court
Credit: 123RF.com

A Mumbai based shipping company, once backed by several leading private equity investors including Singapore sovereign wealth fund GIC, has been admitted into insolvency on a plea by the country’s top private sector lender. Mercator Ltd has been dragged to the National Company Law Tribunal’s (NCLT) city bench by ICICI Bank ......

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