All petitions should be clubbed under insolvency code, Era Infra tells NCLT

Firm owes Rs 10,000 cr to creditors; in addition, there are statutory dues, some under litigation

Era Infra Engineering on Tuesday argued that all winding up petitions against the company being heard in courts under the Companies Act be clubbed under the Insolvency and Bankruptcy Code (IBC) in the National Company Law Tribunal (NCLT). 

A New Delhi Bench of NCLT was hearing a case filed by Union Bank seeking the commencement of the insolvency resolution process against Era Infra under Section 7 of IBC, amid pending winding-up petitions already filed in Delhi High Court against the company.

The Bench had earlier questioned Union Bank whether the insolvency application against Era Infra could be entertained in light of the