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“NCLT BEGINS INSOLVENCY PROCEEDINGS AGAINST HIMALAYAN MINERAL WATERS, APPOINTS IRP”

Why in the news? The NCLT has initiated insolvency proceedings against Himalayan Mineral Waters following a default on a corporate guarantee for Leel Electricals, as per Jammu & Kashmir Bank’s plea. Bhoopesh Gupta has been appointed as the interim resolution professional for the firm’s Corporate Insolvency Resolution Process (CIRP). source:scribd About National Company Law Tribunal …