Insolvency proceedings begin in Ansal Properties and Infrastructure, Legal News, ET LegalWorld – Legal Firms

[ad_1] The National Company Law Tribunal (NCLT) has ordered the commencement of a corporate insolvency resolution process of Ansal Properties and Infrastructure.The creditors of Ansal Properties have been asked to submit their claims with proof by December 1 to the interim resolution professional.The classes of creditors ascertained by the interim...

NCLT initiates insolvency against Ansal Properties & Infrastructures, Legal News, ET LegalWorld – Legal Firms

[ad_1] The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against realty firm Ansal Properties & Infrastructures on a petition filed by 126 flat buyers of one of the company's housing projects. A two-member bench of the insolvency tribunal had admitted the plea moved by 126 flat/villa...