BGR Energy Systems Faces Insolvency After Court Admits Petition
The National Company Law Tribunal (NCLT) has admitted a petition to start corporate insolvency proceedings, known as CIRP (Corporate Insolvency Resolution Process), against BGR Energy Systems Limited. The company faces a total alleged default of approximately ₹584.67 crore. Key Developments The NCLT admitted the insolvency petition, formally starting the Corporate Insolvency Resolution Process (CIRP) for…

