Section

NCLT admits Piramal Capital’s insolvency plea in Rs 1,065-cr default by developer

By Economic Times - 5 months ago
Piramal Capital & Housing Finance's plea for corporate insolvency resolution process against Edweena Real Estate has been admitted by the bankruptcy court. Jayesh Natvarlal Sanghrajka has been appointed as the resolution professional by the Mumbai bench of the National Company Law Tribunal. The total default of over Rs 1,065 crore includes the principal amount, outstanding interest, default interest, and additional interest.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.