Oswal Overseas Entered Into Insolvency Process by NCLT Over ₹2.25 Crore Default

The NCLT New Delhi Bench has admitted Oswal Overseas Limited into the Corporate Insolvency Resolution Process following a default on a ₹2.25 crore unsecured loan. Mr. Mansij Arya has been appointed as the Interim Resolution Professional. The order imposes an immediate moratorium on the company’s assets and proceedings.