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

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. Read The Rest at :