India: Karuturi initiates insolvency proceedings

Corporate Insolvency Resolution Process (CIRP) has been initiated against Bengaluru-based Karuturi Global, which owns large rose farm holdings in Kenya, Tanzania, Ethiopia, Pune and Bengaluru.

Karuturi Global announced that CIRP has been initiated in respect of the company under the provisions of the Insolvency and Bankruptcy Code by way of an order dated August 2, 2019 of the National Company Law Tribunal (NCLT), Bengaluru bench.

Read more at The Hindu (Mini Tejaswi)

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