On July 25, the NCLT had sought a clarification from Union Bank of India on the maintainability of the bankruptcy petition against Era and reserved its order.The Principal bench of the National Company Law Tribunal (NCLT) in New Delhi on Tuesday reserved its order in the insolvency proceedings against Era Infra Engineering filed by Union Bank of India. The bench said it will decide on jurisdictional issues of the case given several winding-up petitions against Era were pending before the Delhi High Court.
The order on the jurisdictional issue is reserved, Ahasan Ahmad, counsel for Union Bank of India, said, adding that there were 18 winding-up petitions pending against the company.
Recently, the NCLT bench in Ahmedabad h…
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