One-hundred-and-four years old Bridge And Roof Company, a miniratna company under the Ministry of Heavy Industries, has escaped insolvency proceedings after the Appellate Tribunal set aside NCLT Kolkata Benchs order admitting the CIRP against the central public sector enterprise.
The National Company Law Appellate Tribunal (NCLAT) set aside the National Company Law Tribunals order after Gujarat-based Chevrox Construction, the operational creditor of Bridge And Roof Company (India), submitted that it received the entire amount which had been due.
The Kolkata Bench of the National Company Law Tribunal on February 9 admitted the corporate insolvency resolution process (CIRP) against the State-owned company after Chevrox Construction had fil…
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