Signing as a hypothecator did not keep four companies out of insolvency. The National Company Law Appellate Tribunal has dismissed Bindu Kapoor’s Corporate Guarantor challenge, holding that four Imagine group companies that hypothecated assets for a Rs 105 crore loan to Bliss House had taken on repayment duties beyond those assets and could be dragged into insolvency in New Delhi.
New Delhi: The National Company Law Appellate Tribunal (NCLAT), Principal Bench, has dismissed four appeals filed by Bindu Kapoor, wife of Yes Bank co-founder Rana Kapoor, against the admission of Imagine Estate Private Limited, Imagine Home Private Limited, Imagine Residence Private Limited and Imagine Habitat Private Limited into the corporate…