Date: 29 May 2020
#bankruptcy #nclat #legalhurdles #insolvency #lender #ibc2016
https://m.economictimes.com/industry/indl-goods/svs/engineering/bankruptcy-process-at-indu-techzone-set-aside-by-nclat/articleshow/76085126.cms
#bankruptcy #nclat #legalhurdles #insolvency #lender #ibc2016
https://m.economictimes.com/industry/indl-goods/svs/engineering/bankruptcy-process-at-indu-techzone-set-aside-by-nclat/articleshow/76085126.cms
The Economic Times
Bankruptcy process at Indu Techzone set aside by NCLAT
The tribunal has ordered in favour of the company on the ground that lender IFCI had filed the insolvency petition after missing the deadline as per the Insolvency and Bankruptcy Code.
Date: 29 May 2020
#insolvency #bankruptcy #creditors #lender #loan #repayment #default #interestpayment #debt #assetseizure #2020
https://m.economictimes.com/industry/banking/finance/pnb-housing-finance-takes-over-vipul-ltd-project-after-default/articleshow/76077986.cms
#insolvency #bankruptcy #creditors #lender #loan #repayment #default #interestpayment #debt #assetseizure #2020
https://m.economictimes.com/industry/banking/finance/pnb-housing-finance-takes-over-vipul-ltd-project-after-default/articleshow/76077986.cms
The Economic Times
PNB Housing Finance takes over Vipul Ltd Project after default
The lender had sent a notice to the Bombay Stock Exchange listed developer in February, demanding repayment of the loan given against its project Aarohan Residences in Gurgaon.