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Bankruptcy court admits Bombay Rayon Fashion for insolvency resolution

The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the plea filed by Vikash Parasprampuria of Chiranjilal Yarn Traders against the textile maker. Bombay Rayon, in a filing with stock exchanges, said Prashant Agrawal, a member of its suspended board, has decided to appeal the ruling at the appellate tribunal.

from Industry-Economic Times
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