New Delhi, March 6 -- The National Company Law Appellate Tribunal (NCLAT) has issued a notice to Ambuja Cements Ltd (ACL), an entity of the Adani Group, in response to a plea filed by Alok Sanghi, the former promoter of Sanghi Industries Ltd, which is now a subsidiary of ACL

Sanghi had challenged the National Company Law Tribunal (NCLT) Ahmedabad's order on 25 February, which initiated insolvency proceedings against him as a personal guarantor for a default amounting to approximately Rs.843 crore.

The NCLT had appointed Sumit Ranjkanth as the interim resolution professional (IRP) and directed him to investigate the claims made by Ambuja Cements and submit a report within ten days.

On 4 March, the NCLAT bench, led by chairperson Ashok B...