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India's NCLT accepts "test case" insolvency filing against housing lender

By Dominic Lawson

02 December 2019

India's NCLT accepts "test case" insolvency filing against housing lender Mumbai, India / iStock.com/Sanjog Mhatre

A Mumbai judge has accepted the first application for resolution of a financial services provider under the country’s bankruptcy code, after the Reserve Bank of India requested proceedings under rules introduced just last month.