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NCLT admits plea against Omaxe, 'no bearing on other connected cases'
TIWN
NCLT admits plea against Omaxe, 'no bearing on other connected cases'
PHOTO : TIWN

New Delhi, Jan 16 (TIWN) The Chandigarh bench of the National Company Law Tribunal (NCLT) has admitted a petition filed against Omaxe Ltd over alleged acts of oppression and mismanagement by the company and its management.

The petition said that in June 2017 Omaxe took a loan of Rs 250 crore from Indiabulls Housing Finance Limited as per the minutes of the Executive Committee's meeting. It said that though Sunil Goel was a part of the Executive Committee, he did not receive any notice of the meeting wherein the resolution for taking the loan of Rs 250 crore was approved.

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