Insolvency proceedings against another Public Sector Undertaking, the Transmission Corporation of Andhra Pradesh (APTRANSCO) are underway at the Hyderabad Bench of the National Company Law Tribunal..APTRANSCO is a 100% owned company of Government of Andhra Pradesh..The application has been filed by operational creditor, Equipment Conductors and Cables Ltd. for default on payment of arbitral award, which was passed in its favour for an amount of Rs. 3,79,61,269 to (upto 31.05.2016)..Execution Petition against APTRANSCO has also been filed before the Commercial Court, City Civil Court, Hyderabad..The matter is listed before NCLT for further hearing on April 20, 2018..Advocate Asma Raj appeared for the petitioners, whereas Advocate J Uma Maheshwara Rao appeared for APTRANSCO.. Have you read about the Air India and BHEL insolvency proceedings?
Insolvency proceedings against another Public Sector Undertaking, the Transmission Corporation of Andhra Pradesh (APTRANSCO) are underway at the Hyderabad Bench of the National Company Law Tribunal..APTRANSCO is a 100% owned company of Government of Andhra Pradesh..The application has been filed by operational creditor, Equipment Conductors and Cables Ltd. for default on payment of arbitral award, which was passed in its favour for an amount of Rs. 3,79,61,269 to (upto 31.05.2016)..Execution Petition against APTRANSCO has also been filed before the Commercial Court, City Civil Court, Hyderabad..The matter is listed before NCLT for further hearing on April 20, 2018..Advocate Asma Raj appeared for the petitioners, whereas Advocate J Uma Maheshwara Rao appeared for APTRANSCO.. Have you read about the Air India and BHEL insolvency proceedings?