Follow TNM’s channel for news updates and story links. The National Company Law Tribunal (NCLT), Bengaluru Bench, has declared Congress MLC Naseer Ahmed bankrupt in connection with the default of loans amounting to Rs 1,454.71 crore owed by Bengaluru-based M/s Scotts Garments Limited, for which he had stood as a personal guarantor. The order has cast…
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The case involves a garments company where Ahmed and his family served as directors and personal guarantors. After repeated defaults and failed repayment proposals, the Bengaluru bench of the NCLT rejected their arguments and appointed an insolvency trustee. In a major setback for Congress MLC Naseer Ahmed, the National Company Law Tribunal (NCLT) has declared…
The case involves a garments company where Ahmed and his family served as directors and personal guarantors. After repeated defaults and failed repayment proposals, the Bengaluru bench of the NCLT rejected their arguments and appointed an insolvency trustee. In a major setback for Congress MLC Naseer Ahmed, the National Company Law Tribunal (NCLT) has declared…
NCLT declares Congress MLC Naseer Ahmed insolvent over a Rs 1,454.71 crore loan default. The order puts his Legislative Council membership and voting rights at risk, as he was a personal guarantor for his family’s company loans. In a major setback for Congress MLC Naseer Ahmed, the National Company Law Tribunal (NCLT) has declared him…
Karnataka: NCLT declares Congress MLC Naseer Ahmed, wife, son bankrupt Deccan Herald Read the original article here
The National Company Law Tribunal (NCLT) has declared Congress MLC Naseer Ahmed insolvent for defaulting on bank loans and interest amounting to Rs 1,454.71 crore, posing a threat to his Legislative Council membership and voting rights. The case involves a garments company where Naseer Ahmed served as Managing Director while his wife, Ayesha Naseer, and…
ANI | Updated: Jun 13, 2026 05:42 IST Bengaluru (Karnataka) [India], June 13 (ANI): In a major setback for Congress MLC Naseer Ahmed, the National Company Law Tribunal (NCLT) has declared him insolvent over default on bank loans and interest totalling Rs 1,454.71 crore. The order puts his Legislative Council membership and voting rights at…
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