The National Company Law Tribunal (NCLT) has appointed an insolvency resolution professional.
The National Company Law Tribunal (NCLT)’s Hyderabad bench appointed an insolvency resolution professional (IRP) on Wednesday, to resolve the crisis faced by the Deccan Chronicle Holdings Limited (DCHL).
The Times of India reported that the NCLT invoked Section 7 of the Insolvency and Bankruptcy Code (IBC), and declared a moratorium of 180 days, after hearing a petition filed by Canara Bank.
Speaking to TOI Canara Bank’s standing counsel Dishit Bhattacharjee said that the IRP would now make a public announcement of the corporate insolvency resolution process and invite lenders to s…
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