Insolvency proceedings: NCLT reserves order in Era Infra case – The Indian Express

The NCLT bench in Ahmedabad had observed in the SBI versus Alok Industries case that since the winding-up petitions had not been admitted, the Insolvency and Bankruptcy Code (IBC) could be invoked. (representational Image)

The Principal bench of the National Company Law Tribunal (NCLT) in New Delhi on Tuesday reserved its order in the insolvency proceedings against Era Infra Engineering filed by Union Bank of India. The bench said it will decide on jurisdictional issues of the case given several winding-up petitions against Era were pending before the Delhi Hi…

Read the full article at: http://indianexpress.com/article/business/banking-and-finance/insolvency-proceedings-nclt-reserves-order-in-era-infra-case-4788399/