The Bank of New York Mellon, which represents the owner’s overseas bondholders, has filed a winding-up petition against the company in the Bombay High Court.
Bondholders claim the Bharati Shipyard-controlled company has failed to pay $42m it owes, the Economic Time of India reports.
Formerly known as Great Offshore, GOL raised $40m through foreign currency convertible bonds (FCCB) in 2007 at an interest rate of 7.25%
