Indus Cap moves NCLT against 3 subsidiaries of Uppal Housing
- Private equity fund Indus Capital invested around ₹320 crore in three subsidiaries of Uppal Housing
- Indus Capital requested the tribunal to direct Uppal Housing to give true and accurate accounts of its subsidiaries
MUMBAI : Private equity fund Indus Capital Partners has moved the National Company Law Tribunal (NCLT) against three subsidiaries of Delhi-based developer Uppal Housing Pvt. Ltd citing oppression of investors, mismanagement and diversion of funds.
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