NCLT Gives Approval to Liquidate S Kumars - 24.06.2019

National Company Law Tribunal (NCLT) has cleared a proposal to liquidate S Kumars after its lenders failed to receive any viable revival plan for the textile company. This is the second Nitin Kasliwal-promoted firm to go into liquidation. In February, the Mumbai bench of the National Company Law Tribunal had ordered the liquidation of apparel maker Reid & Taylor India.

Tags : NCLT S Kumars

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