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LEO DUCT ENGINEERS
NCLT foils bid by company to stall loan recoveryThe company, which owes about Rs 41 crore to its creditors, had voluntarily filed for insolvency.- Borrowers hit by Sarfaesi may hide behind IBC lawsBanks are allowed to auction residential or commercial properties of borrowers to recover loans.
- NCLT rejects insolvency proceedings by Leo Duct Engineers & ConsultantsThe move will help lenders Standard Chartered Bank and Canara Bank to recover their dues under the SARFAESI Act which provides for lenders ...
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