New Delhi, The National Company Law Appellate Tribunal has ordered the conclusion of the insolvency proceedings for Future Lifestyle Fashion within three months.
While rejecting an appeal filed by an operational creditor, a two-member bench has asked the Resolution Professional and National Company Law Tribunal (NCLT) to complete the proceedings, preferably within three months.
The appellate insolvency tribunal observed that the Resolution Professional is still in possession of the leased property and can not be released, hence dismissed…