The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted the company under the Corporate Insolvency Resolution Process (CIRP) based on a petition filed by IDBI Trusteeship Services, on behalf of Altico Capital, after the company defaulted on its dues worth Rs 286 crore.source https://economictimes.indiatimes.com/industry/banking/finance/nclt-admits-insolvency-resolution-petition-against-mumbai-based-developer-nirmal-lifestyle/articleshow/85245557.cms
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