NCLT Directs to Start Insolvency Proceedings Against AVP Buildtech - 11.11.2019

National Company Law Tribunal has directed to initiate insolvency proceedings against Delhi-based real estate firm AVP Buildtech Ltd by admitting a plea of a flat buyer claiming refund. The Tribunal has appointed an Interim Resolution Professional to run the affairs of the company and also declared moratorium, prohibiting the lenders from recovering any amount during this period.

Tags : NCLT AVP Buildtech

Share :