NCLT Admits Insolvency Plea Against PDIL Guarantor Manohar Lal Gupta Over ₹317.83 Crore Default

NCLT admits insolvency plea against Manohar Lal Gupta, personal guarantor of PDIL, over ₹317.83 crore default | Representational Image Mumbai: The National Company Law Tribunal (NCLT), on June 10, admitted an insolvency resolution application against Manohar Lal Gupta, the personal guarantor of Parenteral Drugs (India) Limited (PDIL), for a default of Rs 317.83 crore. The…

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It’s all over – Starleaton now in liquidation

Starleaton has failed to meet its monthly repayments promised to creditors and has been placed into liquidation. Creditors were informed this afternoon at 5.22pm in a statement titled ‘General Update on the Deed of Company Arrangement’ issued by Simon Cathro and Andrew Blundell from Cathro & Partners. “Pursuant to Clause 7.5 of the DOCA, the…