Fourteen companies have lined up to take over the troubled Dighi Port whose bankruptcy is being heard by the National Company Law Tribunal (NCLT). This is the first port to be declared insolvent. Earlier the port was supported by IL&FS and currently run by Balaji Infra. Bids for its takeover will be submitted on 26 October 2018.
Dighi Port in Raigad district of Maharashtra is the first port to land in NCLT, facing bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC).
Dighi Port was awarded a 50 year concession by the Maharashtra government to develop and operate the port. The port is a critical point because of its proximity to the Delhi-Mumbai Industrial Corridor and as part of the Dedicated Freight Corridor. The port has 1,600 acre of land and can be scaled to 3,000 acre.