'Indian firm's P10m claim against Pula Steel bogus'

Hindok Exports Limited, an Indian firm, had claimed that as far back as 2012, it supplied the steelmaker with critical equipment including two 15 tonne furnaces, 80 tonne weighbridge, power components and a crane. Hindok had claimed that as at December 31, 2018, it was owed $989,181 (P10.3 million).

The Indian firm claimed it had reservation of ownership over the property, meaning the property or its value would have to be excluded from the ongoing liquidation of Pula Steel.