Bharati Shipyard may be declared insolvent by its owner to protect it from creditors' winding-up orders.
The Livemint website cited a source at Edelweiss Asset Reconstruction as saying it may start a case at the National Company Law Tribunal (NCLT).
The move would be in response to the dissolving of the Board for Industrial and Financial Restructuring (BIFR), which left the yard open to secured creditors' actions.
“Under
