NCLT Initiates Insolvency Proceedings Against Dilip Chhabria Design Guarantor Kiran Kumar Jain

NCLT Initiates Insolvency Proceedings Against Dilip Chhabria Design Guarantor Kiran Kumar Jain | Representative Image The National Company Law Tribunal (NCLT) has admitted a petition filed by Cosmos Co-operative Bank Ltd (the Financial Creditor) to initiate a personal insolvency resolution process against Kiran Kumar Jain, personal guarantor (respondent) to M/s. Dilip Chhabria Design Pvt. Ltd.…

Carmat files for insolvency amid cash crunch

Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Artificial heart company Carmat has filed for insolvency after failing to raise the money it needed to continue operations, the company said Monday. Carmat began seeking donations in June after attempts to raise cash from…