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BHEL challenges REC's plea for HEL insolvency

"Admission of REC s application against HEL would bring moratorium and the execution petition of BHEL would get stalled, a person aware of the developments told ET. "The only remedy in such a situation would be to file its claim before the resolution professional, which is unlikely to be converted to cash." ....

West Bengal , Hiranmaye Energy , National Company Law Tribunal , Bharat Heavy Electricals , West Bengal Based , Bankruptcy Code , Recs Plea , Hel Insolvency ,