In a first, IBC process ordered for failing to pay an insolvency services company

The NCLT’s Hyderabad bench has ordered the proceedings at Sri Yadadri Life Sciences (SYLS) for the alleged default in payments to Adroit Financial Services (AFS) for advice given on insolvency resolution and services towards capital structuring and settlement of debt through a one-time settlement (OTS) with its lender.

from News-Economic Times https://ift.tt/2QB4Ll1