Comments
The National Company Law Tribunal, Mumbai Bench, has allowed the commencement of debt resolution process of BSE-listed Blue Blends (India) Ltd under the insolvency and bankruptcy rules.
NCLT has appointed Vinit Gangwal as the Interim Resolution Professional, according to a stock exchange filing.
The petition was filed in NCLT by an operational creditor- Sarla Performance Fibres Ltd after Blue Blends failed to clear dues. The NCLT observed that the company failed to reply to its notice and the counsel appearing for the company did not raise any objections to commencing insolvency proceedings.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.