It should be possibly be a case on erstwhile promoters of ismt.
In any bankrupt or near bankruptcy company there are several cases (including criminal cases like fraud etc).
Once banks have given approval and new bidder has taken over the “company” after a due process under law, in my opinion the company per se operates with new promoters while the liability remains on previous promoters and Cases go on. I have personal experience in a real estate project where in old builder is facing humungous cases while company has been taken over by new builder.
Disc: the above are personal opinions and i have investment in kfil.
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