NCLT mulls taking insolvency petition against Era Infra to larger bench

Firm owes over Rs 10,000 cr to its creditors

The National Company Law Tribunal (NCLT) has recommended the insolvency petition against Era Infrastructure to the president of the NCLT so that a call can be taken regarding the transfer of the case to a larger bench.

In an order, a two-member NCLT bench stated that the president of the tribunal can take a call on the case.

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.

The bench had earlier questioned the