NCLT allows plea for S Kumars’ insolvency resolution, Legal News, ET LegalWorld – Legal Firms

The bankruptcy court has allowed Edelweiss Asset Reconstruction Co's petition, seeking to initiate insolvency proceedings against S Kumars, and has appointed Anjan Bhattacharya as its interim resolution professional.The ARC had approached the Mumbai bench of the National Company Law Tribunal (NCLT) against the over seven-decade-old textile maker and leader in...