NCLT passes order to liquidate Kwality

New Delhi, January 14

The National Company Law Tribunal (NCLT) has directed to liquidate debt-ridden dairy firm Kwality Ltd after the company failed to finalise any bidder within the specified time-frame. The NCLT had directed to initiate insolvency proceedings against Kwality on December 11, 2018 over the plea filed by creditors PNB and KKR India Financial Services. — PTI

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