NCLT begins insolvency proceedings against The Pioneer group firm

Interim resolution professional appointed; public notice issued

The Delhi bench of the National Company Law Tribunal (NCLT) has initiated insolvency proceedings against a firm belonging to The Pioneer group, following a plea by one of its directors.

The Pioneer group, owned by journalist Chandan Mitra, brings out one of the country's oldest newspapers of the same name. Mitra declined comment when contacted.

But the NCLT in an order dated January 25 has appointed an interim resolution professional (IRP), who has since issued a public notice asking all creditors to come forward with their claims.

The matter pertains to an insolvency petition filed by Amit Goel, who is