The case pertains to an insolvency resolution process before the National Company Law Tribunal (NCLT), Mumbai Bench. The matter involves Union Bank of India as the petitioner and Gammon India Limited as the corporate debtor. The hearing was held on April 8, 2019.
Union Bank of India initiated an insolvency proceeding against Gammon India Limited. An affidavit was submitted on January 28, 2019, following observations from February 28, 2019. The Petitioner Bank presented proposals to the consortium. The Petitioner Bank's counsel indicated that the proposal is under consideration. The NCLT considered it appropriate to grant the bank time to consider the proposals and record the consortium's decision in writing.
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The case pertains to an insolvency resolution process before the National Company Law Tribunal (NCLT), Mumbai Bench. The matter involves Union Bank of India as the petitioner and Gammon India Limited as the corporate debtor. The hearing was held on April 8, 2019.
Union Bank of India initiated an insolvency proceeding against Gammon India Limited. An affidavit was submitted on January 28, 2019, following observations from February 28, 2019. The Petitioner Bank presented proposals to the consortium. The Petitioner Bank's counsel indicated that the proposal is under consideration. The NCLT considered it appropriate to grant the bank time to consider the proposals and record the consortium's decision in writing.
An affidavi…
Observations w…
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