JBF Petro admitted to NCLT after settlement talks with bidders collapse

KKR Jupiter Investors backed JBF Petrochemicals was admitted for insolvency proceedings by the Ahmedabad bench of the National Company Law Tribunal (NCLT) after an out-of-court resolution in the works since October 2017 collapsed. The NCLT bench appointed BDO India backed Sundaresh Bhat as interim resolution professional