Petition against Amrapali group admitted

Published: 5/10/2017
Petition against Amrapali group admitted
Source: WWW.DNAINDIA.COM

In another shock to home buyers, the principal bench of the National Company Law Tribunal (NCLT) in Delhi on Wednesday admitted an insolvency petition against Amrapali Ultra Homes filed by the Bank of Baroda. The NCLT has appointed Sanjay Gupta as the Insolvency Resolution Professional (IRP) to take control of the proceedings. The IRP will get 270 days to turn around the company, failing which, th

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