The Karnataka High Court has extended the NCLT order to initiate bankruptcy proceedings against developer Mantri.
A complaint filed by Indiabulls Housing Finance under Section 7 of the IBC alleges that Mantri has defaulted on more than 450 crore rupees. The NCLT has acknowledged the complaint.The Bench accepted the petition under Section 7 of the IBC and started CIRP against the Corporate Debtor as a result. Read more









