NCLT reserves order in Era Infra case over pending petitions in Delhi HC

Era is one of the 12 NPA accounts that the RBI has directed should be referred to the NCLT

The National Company Law Tribunal (NCLT) has reserved its order in Era Infrastructure's insolvency case over jurisdictional issues. Lawyers associated with the case say that the NCLT will take a call on whether the matter has to be transferred to the high court as there are a number of winding-up petitions against the corporate debtor. 

Amid pending winding-up petitions already filed in the Delhi High Court against the company, the NCLT's New Delhi Bench was hearing a case filed by the Union Bank seeking the commencement of the insolvency resolution process against Era Infra under Section 7 of the Insolvency