Company Law Tribunal admits Vijay Mallya’s UB Engineering insolvency plea – Business Standard
The National Company Law Tribunal (NCLT) on Wednesday admitted the insolvency petition filed by UB Engineering Ltd (UBEL), part of the Vijay Mallya-owned UB group. As part of the process, the tribunal’s Mumbai bench, where the petition was filed, has appointed insolvency professional A K Mehta to initiate the process of insolvency resolution. …