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NCLT initiates CIRP for Sujana Universal Industries

Capital Market 

The National Company Law Tribunal, Hyderabad Bench vide order dated 20 June 2019 has commenced Corporate Insolvency Resolution Process in respect of Sujana Universal Industries under provision of Insolvency and Bankruptcy Code, 2016.

Nethi Shetty has been appointed as Interim Resolution Professional with effect from 26 June 2019 and consequently, the power of the Board of the company have been suspended.

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

First Published: Tue, July 16 2019. 11:34 IST
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