Mumbai NCLT Rejects Israel Discount Bank’s Insolvency Plea Against Hella Infra Market Over ₹69.20 Crore Claim
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AI-generated summary of the coverage listed below:
- The Mumbai bench of the National Company Law Tribunal dismissed Israel Discount Bank Limited’s request to start insolvency proceedings against Thane‑based Hella Infra Market Limited.
- The court found the bank had not proven the claim of ₹69.20 crore was a “financial debt” under the Insolvency and Bankruptcy Code.
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How each side framed it
Mumbai NCLT Rejects Israel Discount Bank’s Insolvency Plea Against Hella Infra Market Over ₹69.20 Crore Claim
Timeline
First reported by Free Press Journal on ; 1 article from 1 outlet so far.
Who is covering this story
- Center (1): Free Press Journal