Arshiya: NCLT admits NCR Rail Infrastructure for insolvency resolution
The National Company Law Tribunal in Mumbai has admitted an insolvency resolution application against NCR Rail Infrastructure due to a default on payment of Rs 71 crore. Lenders including Kalindee Rail Nirman, IDBI Capital Markets & Securities Ltd, and Union Bank of India have also filed insolvency resolution applications.
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Arshiya provides supply chain, handling and transportation management solutions to businesses.
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