NCLT Bengaluru initiates insolvency proceedings against Mantri Developers on Indiabulls application

Indiabulls approached the NCLT with a Section 7 application claiming that Mantri Developers had defaulted on repayment of a loan of over ₹450 crore.
NCLT Bangalore
NCLT Bangalore

The National Company Law Tribunal (NCLT) at Bengaluru last week initiated the corporate insolvency resolution process (CIRP) against Mantri Developers [M/s Indiabulls Housing Finance Limited v. M/s Mantri Developers Private Limited].

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