NCLT admits insolvency plea against Precision Realty Develop

The financial creditor had moved the bankruptcy court against the property developer following a default of nearly Rs 119 crore. In February 2017, L&T Finance had sanctioned a loan of Rs 200 crore in favour of the original borrowing entity Kaa Vee Retail Infra, which was later merged with Precision Realty Developers.

Related Keywords

Phoenix , Arizona , United States , Mumbai , Maharashtra , India , Yash Dhruva , Nishit Dhruva , Precision Realty , Precision Realty Developers , Phoenix Asset Reconstruction Company , National Company Law Tribunal , Corporate Insolvency Resolution Process , Kaa Vee Retail Infra , Future Retail , Kaa Vee Retail , Nclt , Insolvency Plea , Real Estate , L Ampt Finance , Financial Creditor ,