CoC admits claims worth Rs.85-Cr against Mohota Industries

The Committee of Creditors of BSE-listed Mohota Industries have admitted claims worth INR 85.69 crore against the original claim of INR 266 crore. Mohota is undergoing insolvency for which Ashish Avinashji Saoji has been named as the new resolution professional by the lead financial creditors, State Bank of India and Bank of India. Existing resolution professional Mahesh Kumar Gupta will continue as deemed RP till the change in RP is confirmed by NCLT, Mumbai.