The National Company Law Tribunal (NCLT) today appointed an interim resolution professional to carry out the insolvency process of debt-ridden auto component maker Amtek Auto, according to a regulatory filing.
“NCLT, Chandigarh has today…appointed Dinkar Tiruvannadapuram Venkatsubramanian as an interim resolution professional (IRP) for carrying out the CIRP (corporate insolvency resolution process) of the company,” Amtek Auto said in the filing.
The insolvency proceeding against the company, initiated by a consortium of banks led by Corporation Bank, has been accepted by the NCLT.
Bankruptcy proceedings have also been initiated against other companies, including Electrosteel Steel, Lanco Infratech and Jyoti Structu…
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