More than 14 winding-up petitions are pending before the Delhi high court against Era Infra Engineering. Photo: Mint
New Delhi: A special bench of the National Company Law Tribunal (NCLT) on Thursday reserved its ruling on whether to initiate insolvency proceedings against Era Infra Engineering Ltd, when winding-up petitions are pending against the company at another forum.
The three-judge bench hearing an insolvency petition filed by Union Bank of India against Era Infra Engineering concluded hearing arguments on the matters.
The company is among the 12 loan defaulters identified by the Reserve Bank of India (RBI), for the launch of insolvency proceedings by creditors.
The default amount claimed by the bank is Rs681.04 crore, along with a…
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