Insolvency pleas against GTL Infra, GTL Ltd dismissed, Legal News, ET LegalWorld – Legal Firms

In two separate orders, the Mumbai bankruptcy court dismissed Canara Bank's petition to admit GTL Infrastructure and GTL Ltd for corporate insolvency.The two-member bench relied on the Supreme Court's order of Vidarbha Industries Power for GTL Infra and the failure of lenders to adhere to the central bank's guidelines for...