NCLT admits insolvency case against Auri Grow India, CIRP initiated

NCLT Indore admitted Naksh Steel's Section 9 IBC petition against Auri Grow India for default of about Rs 91.82 crore (principal Rs 78.01 crore plus interest Rs 13.81 crore). CIRP initiated and Mr Rajesh Jasti appointed as Interim Resolution Professional. Board of Directors powers suspended, moratorium declared. The company was previously known as Godha Cabcon and Insulation.