Mumbai: NCLT Admits Central Bank’s Insolvency Plea Against Rama Agro Foods Over ₹27.29-Crore Default
Mumbai, September 2, 2026: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted a plea filed by Central Bank of India to initiate insolvency proceedings against Pune-based Rama Agro Foods Pvt Ltd, which had stood as a corporate guarantor for a loan extended to a sugar company, Shri Gajanan Maharaj Sugar Limited, Malkapur. Bank Claims Rs 27.29-Crore Default The bank had…
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