{"id":285045,"date":"2019-07-30T05:39:44","date_gmt":"2019-07-30T05:39:44","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=285045"},"modified":"2019-07-30T05:52:19","modified_gmt":"2019-07-30T05:52:19","slug":"as-revival-plans-fail-nclt-orders-ivrcls-liquidation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/as-revival-plans-fail-nclt-orders-ivrcls-liquidation\/","title":{"rendered":"As revival plans fail, NCLT orders IVRCL\u2019s liquidation"},"content":{"rendered":"<p>The Hyderabad Bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Hyderabad-based construction and infrastructure company IVRCL Ltd. <\/p>\n<p>Based on an application made by lender SBI, Judicial Member K Anantha Padmanabha Swamy, in his order, directed the liquidation of the debt-laden company.<\/p>\n<p>Various efforts made during the Insolvency Resolution Process to find a suitor for the firm had not materialised, leading to the petition for liquidation.<\/p>\n<p>In a regulatory alert to the BSE and NSE, the Resolution Professional (RP) said the NCLT has ordered IVRCL\u2019s liquidation as a going concern.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hyderabad Bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Hyderabad-based construction and infrastructure company IVRCL Ltd. Based on an application made by lender SBI, Judicial Member K Anantha Padmanabha Swamy, in his order, directed the liquidation of the debt-laden company. Various efforts made during the Insolvency Resolution Process to find a suitor for the firm had not materialised, leading to the petition for liquidation. In a regulatory alert to the BSE and NSE, the Resolution Professional (RP) said the NCLT has ordered IVRCL\u2019s liquidation as a going concern.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-285045","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=285045"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285045\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=285045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=285045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=285045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}