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The National Company Law Tribunal (NCLT) will next hear the winding up matter of Kolkata-based Eden Real Estates on April 26.
Cyprus-based Betoking Limited — as a financial creditor — had dragged Eden Real Estate, the developers of Eden City Maheshtala in Kolkata, to the insolvency court, sources close to the development said.
The petitioner had sought the winding up of Eden Real Estate Private Limited for non-payment of admitted interest dues on Compulsory Fully Convertible Debentures (CFCD).
CFCDs were issued to the tune of ₹29.76 crore and subscribed by Betoking. Interest (11 per cent coupon on CFCDs) is due for payment since financial years 2013-14, according to Betoking.
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