Synopsis
Interior designing firm A2 Interiors Products had approached the Delhi-bench of the NCLT claiming that Ahluwalia Contracts, a company behind landmark structures including Hotel ITC hotel in Bengaluru, Leela Hotel in Delhi and the Ranchi airport terminal, failed to clear its dues.
The construction firm, while countering the petition in the tribunal, argued that the application was not maintainable. The demand related to different work orders, which cannot be claimed under one single application
The bankruptcy court has admitted an insolvency resolution plea filed by an operational creditor against Delhi-based listed realty firm
Ahluwalia Contracts India, over a default of more than Rs 14 crore.