NCLT admits insolvency resolution plea against listed infra firm Sadbhav Engineering
“The applicant (SS Infra) has proved before us that the outstanding operational debt is more than rupees one crore, which is due to the applicant by the respondent and that the respondent (Sadbhav Engineering) has defaulted in payment,” said the division bench of judicial member Shammi Khan and technical member Sameer Kakar, in its order of April 22.
Bank Of India Sadbhav Engineering Insolvency Resolution Rss Infra Ahmedabad Bench Sanjay Kumar Agarwal
Source: indiatimes.com