NCLT Admits Union Bank of India’s Insolvency Plea Against Era Infra - 09.05.2018

National Company Law Tribunal (NCLT) principal bench has admitted Union Bank of India’s (UBI’s) plea seeking initiation of insolvency proceedings against Era Infra Engineering Ltd for recovery of Rs681.04 crore, along with an overdue external commercial borrowing of $11.97 million.

Tags : NCLT Insolvency

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