NCLT Allows Second Challenge Round In Frost International Insolvency To Maximise Value For Creditors | Representational Image
In connection with the ongoing insolvency proceedings of Frost International Limited(FIL), the National Company Law Tribunal (NCLT), Mumbai Bench, has permitted the Committee of Creditors (CoC) to conduct a second challenge mechanism for selecting a resolution plan, paving the way for fresh negotiations to maximise value for stakeholders.
The Tribunal, comprising Justice Virendrasingh Bisht (Retd.) and Technical Member Prabhat Kumar, passed the order on April 11, 2025, in response to an application filed by Resolution Professional Amit Chandrakant Shah. The…
