Metropolitan Magistrate Devanshi Janmeja noted the complaint, according to which Pranav and others had pressurised the complainant, Suneal Mangal, to resign from his position in the company
Rahul Narvekar, the founder of Indianroots, navigated the e-commerce landscape skillfully, contributing to the platforms success as a prominent online marketplace for Indian ethnic wear.
After the NCLT accepts a personal insolvency application against an individual, the assets of that individual are as good as frozen as no sale or disposal is permitted. Indian Bank has also filed an insolvency application against a group company of Ansal Properties and Infrastructure called Serene Residency Group Housing Project, ET had reported on 30 October. That petition has been admitted.
The Delhi High Court has directed Ansal Properties & Infrastructure Ltd (APIL) Chairman Sushil Ansal and Vice-Chairman Pranav Ansal, among others, to personally appear before the court in connection with non-compliance of an earlier order .