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NCLT Admits Insolvency Petition Against Mumbai Company Over ₹1,376 Crore Default
Summary by The Mumbai Editorial Desk Free Press Journal
· October 30, 2026
· 1 min read
Photo: Free Press Journal · view original
Mumbai, October 30, 2026: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Sevantilal Fakirchand and Company Pvt Ltd, initiating the Corporate Insolvency Resolution Process (CIRP) against the company over a total default of ₹1,376 crore. In...
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Summary created by The Mumbai Editorial Desk — automated, rule-governed Published by Free Press Journal Original story Read at the source Source published Oct 30, 2026 Indexed here Oct 30, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points Mumbai, October 30, 2026: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Sevantilal Fakirchand and Company Pvt Ltd, initiating the Corporate Insolvency Resolution Process (CIRP) against the company over a total default of ₹1,376 crore. More business Today’s briefing Local events
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What is this story about? Mumbai, October 30, 2026: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Sevantilal Fakirchand and Company Pvt Ltd, initiating the Corporate Insolvency Resolution Process (CIRP) against the company over a total default of ₹1,376 crore. In...
When was this published? This article was first published on October 30, 2026 by Free Press Journal and curated for The Mumbai readers.
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