CIRP against Himalayan Mineral Waters for Rs 50 Crore default: NCLT directs to initiate Insolvency Proceedings [Read Order]

The NCLT appointed Bhoopesh Gupta as the interim resolution professional (IRP) to oversee the CIRP for Himalayan Mineral Waters
By Yogitha S. Yogesh - On June 15, 2024 9:06 pm - 2 mins read
CIRP - himalayan mineral waters - NCLT allahabad - insolvency proceedings - taxscan

In a significant case, the National Company Law Tribunal ( NCLT ) directed to initiate insolvency proceedings against Himalayan Mineral Waters. The Jammu and Kashmir Bank pleaded for the Corporate Insolvency Resolution Process ( CIRP ) against the corporate guarantor for Leel Electricals as they failed to repay a debt amounting to Rs 50 crore. The…

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