The National Company Law Tribunal (NCLT)-Mumbai on Tuesday issued a notice to real estate giant Shapoorji Pallonji & Co. Pvt. Ltd (SPCPL), seeking its response to an insolvency plea over an alleged default of ₹2.72 crore.
Chennai-based Intertouch Metal Buildings Pvt. Ltd, a roofing and cladding firm, has pleaded that it hasn’t received payments for its work since October 2022. The firm requested the NCLT to initiate insolvency proceedings against Shapoorji Pallonji and appoint an interim resolution professional.
According to the company’s chartered accountant, who appeared before the NCLT, Intertouch Metal Buildings was engaged in the construction and erection of metal buildings at the newly developed Port Blair airport in the…
