Bankruptcy court admits Essel Infraprojects under insolvency resolution process
A bankruptcy court Wednesday admitted Jammu and Kashmir Bank’s application to initiate insolvency proceedings against Essel Infraprojects Ltd, a company promoted by media baron Subhash Chandra, over what the lender claimed was an ‘established case’ of default. The Mumbai bench of the National Company Law Tribunal (NCLT), while admitting the company, has also appointed Hemant … Read more
