Ordering the liquidation of Bharati Defence, NCLT Mumbai said Edelweiss did not give a practical and viable plan to managethe affairs of BharatiDefence
Mumbai: The National Company Law Tribunal (NCLT) has ordered the liquidation of Bharati Defence & Infrastructure Ltd, rejecting a resolution plan of Edelweiss Asset Reconstruction Co. Ltd. In its 14 January order, the Mumbai bench of NCLT said Edelweiss did not give a practical and viable plan to manage the affairs of Bharati Defence.
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