The Chandigarh bench of NCLT admitted Corporation Banks insolvency proceeding against Amtek Auto on 24 July and subsequently appointed Dinkar Venkatasubramanian as the insolvency resolution professional (IRP).
Mumbai: The insolvency professional in charge of Amtek Auto Ltd has sought the cooperation of all creditors to keep the company as a going concern for a time-bound resolution and in order to maximise the value of the company.
The Chandigarh bench of National Company Law Tribunal (NCLT) admitted Corporation Banks insolvency proceeding against Amtek Auto on 24 July and subsequently appointed Dinkar Venkatasubramanian as the insolvency resolution professional (IRP).
According to the Insolvency & Bankruptcy Code (IBC), 2016, upon admiss…
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