NCLT, Hyderabad, admitted Aditya Birla ARC s petition on guarantees by KSK Mahanadi Power promoters Sastry and Kishore for over Rs 4000 crore loans, including a tripartite agreement, in Chattisgarh.
India Business News: The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency resolution proceedings against Essel Homes and Primcomm Media Distri
The Mumbai bench of the National Company Law Tribunal (NCLT), in applications filed by Indiabulls Housing Finance Ltd, also appointed Ravi Prakash Ganti as interim resolution professional (IRP) for these companies.
Indiabulls Housing Finance: A two-member Delhi bench of the NCLT directed initiation of personal insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL) Chairman Emeritus Chandra, who was a guarantor for a loan given to Essel group firm Vivek Infracon Ltd.