NCLT admits Alchemist ARC’s insolvency case against Nagpur power company

By Maulik Vyas

  • 25 Oct 2017
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The Mumbai bench of National Company Law Tribunal has admitted an insolvency application filed by Alchemist Asset Reconstruction Company Ltd against a Nagpur-based power firm to recover debt worth Rs 959.33 crore (around $148 million).Alchemist ARC had approached the tribunal against infrastructure firm Abhijeet Group’s subsidiary Abhijeet MADC Nagpur Energy ......

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