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104-year-old PSU Bridge and Roof escapes insolvency after NCLAT quashes NCLT order

The creditor, Chevrox Constructions, informed the appellate tribunal that it had received the entire debt amount from the government company, Bridge and Roof. In light of this, the NCLT order was set aside.

Ravi kumarJustice ashok bhushanBarun mitraRoof company indiaMinistry of heavy industriesUnion ministry of petroleumRoof companyUnion ministryNatural gasChevrox constructionsNational company law appellate tribunalNclt kolkataNational company law tribunal kolkataNclt order quashedNclt kolkata orderNational company law tribunal

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.

West bengalBankruptcy codeOperational creditorNational company law tribunalNational company law tribunal kolkataNclt kolkataBridge and roof co india ltdBridge and roof nclt kolkataChevrox constructionsChevrox ncltNclt newsBridge and roofNclt kolkata news104 year old government company insolvencyIbc judgmentsNclt orders

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