NCLT admits insolvency plea by Kotak Mahindra Bank against Unity Realty
Mumbai: The National Company Law Tribunal (NCLT) has admitted Kotak Mahindra Bank‘s insolvency petition against Unity Realty and Developers over a claimed default of ₹68.49 crore, paving the way for initiation of the corporate insolvency resolution process (CIRP) against the Mumbai-based real estate company.The Mumbai bench of the tribunal, in an order pronounced on September…

