Sterling Biotech faces liquidation; lenders, promoters may challenge NCLT ruling

By Beena Parmar

  • 09 May 2019
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Credit: Pixabay

In a setback for the lenders of Sterling Biotech, the Mumbai bench of the National Company Law Tribunal (NCLT) has called for the liquidation of the debt-ridden pharmaceutical company after rejecting the lenders’ petition to withdraw the firm’s insolvency proceedings. The court took the decision to liquidate the company on grounds ......

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