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The Chandigarh bench of the National Company Law Tribunal (NCLT) has issued a notice to Amtek Auto in connection with the petition filed by Corporation Bank against the firm under the Insolvency and Bankruptcy Code. The tribunal has told Amtek Auto to respond to the insolvency proceedings filed by the bank on or before 20 July, when the case will come up for hearing next, said sources familiar with the development.
The Delhi-based auto ancillary maker- Amtek Auto is in default of Rs 14,074 crore. The lenders to the troubled company include Dena Ban…
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