NCLT admits SKIL Infrastructure under corporate insolvency process

Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted listed infrastructure development company SKIL Infrastructure under the corporate insolvency resolution process (CIRP) following an application filed by its financial creditor Amluckie Investment Company.

The tribunal has also appointed Purusottam Behera as its resolution professional.

"The moratorium shall have effect from the date of this order till the completion of the CIRP or until this adjudicating authority approves the resolution plan or passes an order for liquidation of the corporate debtor under section 33 of the IBC (Insolvency and Bankruptcy Code), as the case may be," said a division bench of judicial member Kishore Vemulapalli and technical member Anu Jagmohan Singh in its order on February 1.


Promoted by brothers Nikhil and Bhavesh Gandhi, SKIL Infrastructure was instrumental in building the country's first private-sector seaport at Pipavav in Gujarat. The company also built the country's first railway line under the public-private partnership model, comprising 286 kilometres of rail line connecting the port of Pipavav to the nearest broad gauge station, Surendranagar.

The company's financial creditor approached the tribunal on February 20, 2020, following the default of about ₹3.7 crore.