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NCLT initiates CIRP against Ortel Communications

Capital Market 

Ortel Communications has received an order passed by the National Company Law Tribunal ('NCLT'), Bench-III, New Delhi, dated 27 November 2018 admitting the petition filed by Sony Pictures Networks (India) against the Company under Section 9 of the Insolvency and Bankruptcy Code, 2016 read with rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority)Rules, 2016 for initiating Corporate Insolvency Resolution Process.

The NCLT has also appointed the Interim Resolution Professional ('IRP') in the said order.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 28 2018. 14:13 IST