The NCLAT upheld the decision of the NCLT, prioritizing the sale of the Corporate Debtor as a going concern
The Chennai Bench of National Company Law Appellate Tribunal ( NCLAT ) upheld the e-auction process, prioritizing the sale of the Corporate Debtor ( CD ), as a going concern over a Scheme of Arrangement proposed under Section 230 of the Companies Act, 2013. Narottamka Trade, appellant, a minority shareholder in M/s. Kamachi Industries (…
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