The case was listed for hearing last week and will be heard again on November 16, according to the Mumbai NCLTs cause list.Aditya Birla group company UltraTech Cement has filed an insolvency petition against HCCs Lavasa Corporation at the Mumbai bench of the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC). The case was listed for hearing last week and will be heard again on November 16, according to the Mumbai NCLTs cause list. However, it was not immediately possible to ascertain in what capacity UltraTech has filed the petition. Under the IBC, apart from lenders, creditors can also seek insolvency action against a company.
Lavasa reported a net profit of Rs 269 crore on the back of Rs…
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