NCLT Admits Kotak Mahindra Bank Insolvency Plea Against Unity Realty
The National Company Law Tribunal has admitted Kotak Mahindra Bank’s insolvency petition against Unity Realty and Developers over an alleged default of ₹68.49 crore, marking a significant escalation in a dispute tied to financial facilities extended to Unity Infraprojects. The case underscores how corporate guarantees can pull related entities into insolvency proceedings when the primary borrower runs into distress.
