IIFCL UK moves NCLT against Reliance Infrastructure arm over ₹1,745 cr dues | Company News

India Infrastructure Finance Company (UK) Limited (IIFCL UK), the overseas arm of state-owned India Infrastructure Finance Company, has approached the National Company Law Tribunal (NCLT), seeking insolvency proceedings against Mumbai Metro One Private Limited (MMOPL) over alleged dues of about ₹1,745 crore.   MMOPL is controlled by Reliance Infrastructure. The petition, filed under Section 7…

Aromantic placed into administration

RetailDeals A family-owned online supplier of natural and organic cosmetic and skincare ingredients has ceased trading and been placed in administration. Christopher Horner and Kevin Pinkerton, of restructuring and insolvency practice Business Rescue Expert, have been appointed joint administrators of Scotland-based Aromantic Limited. The £1.1 million-turnover business, based on the Greshop Industrial Estate in Forres,…