13/02/2024, 2 years ago
NCLT Orders Liquidation of Prominent Jewellery Retailer Amidst Choksi’s Legal Troubles
Introduction: In a significant development, the National Company Law Tribunal (NCLT) in Mumbai has ordered the liquidation of a major jewellery retailing company, Gitanjali Gems, associated with fugitive Indian businessman Mehul Choksi. The decision, rendered on February 7, comes as the second instance of Choksi-linked companies being admitted to liquidation, with Nakshatra World preceding in […]