NCLT initiates insolvency proceedings against Three C Projects

Aditi Singh September 1 2019
3C

The  National Company Law Tribunal, Principal Bench has initiated insolvency proceedings against real estate firm, Three C Projects Pvt Ltd.

An order to this effect was passed by a two-member Bench of President, Chief Justice (Retd.) MM Kumar and Member Technical, SK Mohapatra in a Section 7 Insolvency and Bankruptcy Code application by certain allottees under one of Three C’s real estate project, LOTUS ZING.

The allottees claimed that they made payments to Three C . . .

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