SEBI order no bar on initiation of CIRP: NCLT orders insolvency process against Pancard Clubs

Pancard allegedly defaulted in repayment of monies to the tune of ₹1,55,12,880 invested by shareholders.

The National Company Law Tribunal (NCLT) at Mumbai on Friday admitted a petition initiating the Corporate Insolvency Resolution Process (CIRP) against Pancard Clubs Limited. [Nitin Suresh Satghare v. Pancard Clubs Limited]

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