NCLT orders insolvency proceedings against Ruchi Soya – Moneycontrol.com
Debt-ridden Ruchi Soya Industries on Tuesday said that insolvency proceeding has been initiated against the company and the powers of its board have been suspended. On December 9, the company had said that petitions filed by Standard Chartered Bank and DBS Bank against Ruchi Soya Industries before the National Company Law Tribunal (NCLT), Mumbai have…