NCLT Chandigarh Admits Vatika Limited Insolvency Petition

NCLT Chandigarh admits insolvency petition against real estate developer Vatika Limited filed by financial creditor IDBI Trusteeship.
Tribunal notes constitution of Committee of Creditors (CoC) and directs filing of minutes for Authorized Representative appointment.
Interim Resolution Professional Jayant Prakash submits second status report on the Corporate Insolvency Resolution Process (CIRP).