An Indian bankruptcy court has cleared the auction of assets belonging to shiprepairer Western India Shipyard (WSI).
The yard, owned by restructuring ABG Shipyard, is one of the cases referred by Reserve Bank of India (RBI) to the National Company Law Tribunal (NCLT), according to the LiveMint website.
Proceeds from the sale will be deposited in the escrow account of the Bombay high court while a claim from ICICI Bank is heard.
