Beena Parmar
Moneycontrol News
The National Company Law Tribunal will be hearing the insolvency petition filed by Era Infra Engineering‘s lender on July 25. Originally set for hearing on Tuesday, the case against the debt-laden company has been postponed as about 18 winding-up petitions are still pending against it in the Delhi High Court.
On Tuesday, the debt-laden company questioned the Delhi bench of the NCLT over whether insolvency proceedings can be initiated by the Union Bank of India (UBI) considering there were as there were pending winding-up petitions in the High Court.
The company is among 12 loan defaulters identified by the Reserve Bank of India (RBI) to be taken up for insolvency proceedings by creditors under…
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