The NCLT admitted JLA Infraville Shoppers Limited into Corporate Insolvency Resolution Process (CIRP) following a petition from Sital Leasing and Finance Limited.

The company defaulted on an unsecured working capital loan, with approximately 2.38 crore disbursed and an outstanding amount of about 2.43 crore including interest.

The NCLT confirmed the financial debt and default, dismissing the company's defense.

A moratorium is now in effect, preventing legal actions and asset transfers against the company.

An Interim Resolution Professional has been appointed to oversee operations and manage stakeholder claims, marking a significant shift in company management.