The National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Helios Photo Voltaic Ltd, formerly known as Moser Baer Photo. The application was originally filed by Oriental Bank of Commerce (now merged with Punjab National Bank) after the company defaulted on dues of Rs 859 crore, and these loans were later assigned to NARCL. Read The Rest at :
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