NCLT Admits Bank Of Maharashtra Plea To Begin Insolvency Process Against Tirumalla India Storehouse
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted a plea filed by Bank of Maharashtra seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Tirumalla India Storehouse Private Limited over a default of Rs 17.98 crore. Bank Moves Tribunal Under IBC Section 7 Against Corporate Guarantor The bank had approached the tribunal under Section 7 of the…
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