NCLT admits SBI’s insolvency proceedings against IVRCL – Hindu Business Line

State bank of India has taken the debt trapped Hyderabad-based construction and infrastructure company IVRCL Limited to the National Company Law Tribunal. The Hyderabad-branch of the NCLT, while admitting the SBI petition, against IVRCL, which is amongst 28 accounts on the Reserve Bank of India list of large non performing assets, appointed Sutanu Sinha as…