NCLT Admits CIRP Over ₹2.40 Cr Default, Rejects NPA Date and MSME Framework Objections [Read Order]

The National CompanyLaw Tribunal (NCLT), Mumbai Bench has admitted a petition filed by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against Heera Hospitality Private Limited due to a total financial default of ₹2.40 crore. The Financial Creditor has approached the Tribunal…

Corporate Guarantor Liable for Partnership Firm’s Debt: NCLT Admits CIRP Over ₹15.30 Cr Default [Read Order]

The National Company Law Tribunal [NCLT] Chennai bench, has accepted a petition regarding the initiation of a Corporate Insolvency Resolution Process in regard to Hotel Radha Prasad Private Limited holding that a corporate guarantor can be proceeded against for financial debt caused by a partnership firm. The petition has been filed under Section 7 of…

Beshear announces Team Kentucky Medical Debt Relief Program | News

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