Hemang Phophalia Vs. The Greater Bombay Co-operative Bank Limited & Penguin Umbrella Works Private Limited. [Company Appeal (AT) (Insolvency) No. 765 of 2019]


In this case, Hemang Phophalia Vs. The Greater Bombay Co-operative Bank Limited & Penguin Umbrella Works Private Limited. [Company Appeal (AT) (Insolvency) No. 765 of 2019], Greater Bombay Co-operative Bank Limited before NCLT Mumbai Bench has launched a corporate insolvency resolution process against Penguin Umbrella Works Private Limited, alleging a default in repayment. The application was approved by the NCLT. 

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