NCLT rejects Edelweiss ARC’s plea for Mumbai-based water park’s bankruptcy

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The National Company Law Tribunal (NCLT) has rejected a bankruptcy plea filed by the Edelweiss Assets Reconstruction Company Ltd (ARC) against a Mumbai-based water park.   The tribunal declined to admit the debt-laden company Nishiland Park Limited under the Insolvency and Bankruptcy Code (IBC) as the Edelweiss plea asking to initiate ......