NCLT Admits Insolvency Petition Against Mumbai’s Hellios Tubealloys Pvt Ltd, Initiates Resolution Process

The National Company Law Tribunal (NCLT), has admitted insolvency claim against M/s Hellios Tubealloys Pvt,  a mumbai based firm, who had availed financial assistance from Bank of Baroda (BOB), securing a term loan of Rs 3.66 crore and additional credit facilities amounting to Rs 30.05 crore. Hellios Tubealloys Pvt. Ltd. was engaged in the manufacturing and export…