NCLT Chandigarh orders liquidation of Aabha Industries Ltd after its Committee of Creditors rejected the sole resolution plan received.
The CoC, comprising Punjab National Bank (71.88%) and Union Bank of India (28.12%), approved a liquidation cost estimate of ₹10.35 lakhs.
Mr. Rajesh Mehru is appointed as the liquidator to manage the process under the Insolvency and Bankruptcy Code, 2016.