National Company Law Tribunal (NCLT) admits Union Bank of India’s insolvency resolution plea against Era Infra. Insolvency process will start against Era Infra.

National Company Law Tribunal (NCLT) admits Union Bank of India’s insolvency resolution plea against Era Infra. Insolvency process will start against Era Infra. Their total debt is Rs 13000 crore. Era Infra was among 12 companies that were referred by RBI to NCLT in June 2017.

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