GFG has filed a legal challenge to try to overturn the administration of Aartee Bright Bar Ltd and Aartee Bright Bar Property Ltd, with a court hearing due to take place in mid-March.
Mr Gupta is reported to have close ties to Ravi Trehan, Aartee's founder, while Greensill Capital, the controversial supply chain finance group which itself collapsed in 2021, is said to have financed a number of trades between the two.Future of country's steel industry in doubt "Against this backdrop, administrators have been appointed and we are exploring the options available to preserve value."
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