NCLT had initiated insolvency proceedings against Nitin Desai's Co over debt of Rs 252 crore – IndiaTimes
MUMBAI: The National Company Law Tribunal (NCLT) Mumbai recently had allowed an application filed by Edelweiss Asset Reconstruction Company Limited and initiated Corporate insolvency proceedings against well known art director Nitin Desais NDs Art World Pvt Ltd over a debt of Rs 252 crore. Edelweiss had filed the company petition last year to initiate Corporate…
