Dighi Port Ltd is promoted by Balaji Infra Projects Ltd and IL&FS Ltd. The Committee of Creditors (CoC) has backed the resolution plan placed by state-owned Jawaharlal Nehru Port Trust (JNPT) to buy the debt-laden Dighi Port Ltd under India’s bankruptcy and insolvency law.The approval of the lenders panel will be submitted to the National Company Law Tribunal (NCLT) for ratification.
Adani Ports and Special Economic Zone Ltd and a consortium of Veritas (India) Ltd, Veritas Infra & Logistic Pvt Ltd and Veritas Polychem Pvt Ltd had also filed their resolution plans for the private port located on the banks of Rajpuri creek in Maharashtra’s Raigad District.
JNPT, India’s biggest container gateway, had quoted an upfront amount of more than ₹600 crores besides capital infusion to continue running the port as a going concern. The bid placed by JNPT is a huge hair cut on some ₹2,628.84 crores that Dighi Port Ltd owes a clutch of 16 banks led by Bank of India (BOI).
