Essel Group drags Kotak AMC to insolvency court over ‘failure and neglect’ to honour contractual obligations
An Essel Group company, Konti Infrapower and Multiventures, has moved the National Company Law Tribunal (NCLT) against Kotak Asset Management Company (AMC) over the fund house’s failure to honour certain contractual obligations. Claiming dues to the tune of Rs 12.99 crore, the Essel Group entity has stated that Kotak AMC, as a corporate debtor, is…