Reid & Taylor insolvency: NCLT asks staffers to prove net worth by Thursday

The National Company Law Tribunal (NCLT) has told the employee association of Reid and Taylor and the investor, who is backing them in their takeover bid, they have time till Thursday to furnish documents regarding their net worth to acquire the company.

Australia-based Silverdale Services, a financial services company, is backing the bid made by the employee association to take over the company.

The tribunal has asked the investor to provide the financial statements of his company for the year 2016, 2017 and