Gupta-linked Optimum Coal Terminal’s rescue plan gets green light

The original article can be found here.

Article highlights:

  • The Optimum Coal Terminal’s creditors have voted overwhelmingly in favour of adopting a proposed business rescue plan – a key condition in finalising the sale of the Optimum Coal Mine to Liberty Energy.
  • OCM and OCT, along with a string of other companies linked to the notorious Gupta family, have been in business rescue since 2018.
  • A barrage of legal cases has been brought against the business rescue practitioners by Gupta affiliates.