NCLT Kolkata admits 104-year-old government company into insolvency process

The Kolkata bench also clarified that even though Bridge and Roof was a government-owned company, it fell under the purview of the IBC.

The National Company Law Tribunal (NCLT) at Kolkata admitted a 104-year-old government-owned company into insolvency for a debt of over ₹4 crore. [Chevrox Construction Private Limited v. Bridge and Roof Co (India) Ltd]

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