The process, initiated by Consolidated Construction Consortium (CCCL), a Chennai-based player in the construction and contracts of civil sector projects, was accepted by the NCLT after hearing both the parties.The Chennai bench of the National Company Law Tribunal (NCLT) has ordered commencement of corporate insolvency resolution process against VA Tech Wabag, one of the pure play water technology majors. The process, initiated by Consolidated Construction Consortium (CCCL), a Chennai-based player in the construction and contracts of civil sector projects, was accepted by the NCLT after hearing both the parties.
The NCLT has appointed Pathukasahasram Reghunathan Raman as interim resolution professional (IRP) to carry out …
Read the full article at: http://www.financialexpress.com/industry/nclt-orders-insolvency-process-initiation-against-va-tech-wabag/886253/
