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Hero Electric faces insolvency proceedings initiated by NCLT after Metro Tyres' petition over unpaid dues

Dec 28, 2024•over 1 year ago

Contract Type

agreement

DelhiManufacturing

Description

Hero Electric, a leading Indian electric two-wheeler manufacturer, has been admitted to insolvency proceedings following a petition filed by Metro Tyres over unpaid dues amounting to Rs 1.85 crore. The NCLT has invoked a moratorium, shielding Hero Electric from legal actions and asset disposal.

Company Information

Company

Hero Electric

Location

Delhi, India

About

Hero Electric is an Indian electric two-wheeler manufacturer facing insolvency proceedings.

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