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NCLT orders liquidation of Nicco as recast fails – Economic Times

ET Bureau|

Updated: Oct 19, 2017, 11.30 AM IST

The extended deadline for Nicco's debt resolution expired on October 13.
The extended deadline for Nicco’s debt resolution expired on October 13.

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Kolkata: The National Company Law Tribunal (NCLT) has ordered liquidation of Nicco Corporation, a specialised cable maker and a defaulter of nearly Rs 300 crore of bank loans, and one of the first movers to bankruptcy court.

The NCLT’s Kolkata ben…

Read the full article at: https://economictimes.indiatimes.com/markets/stocks/news/nclt-orders-liquidation-of-nicco-as-recast-fails/articleshow/61140838.cms

Category: LiquidationBy Insolvency Advisory AccountantsOctober 19, 2017

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