NCLT admits insolvency resolution petition against Mumbai-based developer Nirmal Lifestyle

The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted the company under the Corporate Insolvency Resolution Process (CIRP) based on a petition filed by IDBI Trusteeship Services, on behalf of Altico Capital, after the company defaulted on its dues worth Rs 286 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/3s6tij2