NCLAT has dismissed an appeal by Affle 3i Ltd challenging an NCLT order that allowed initiation of insolvency proceedings against Talent Unlimited Online Services Pvt Ltd.
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by Affle 3i Ltd challenging an NCLT order that allowed initiation of insolvency proceedings against Talent Unlimited Online Services Pvt Ltd.
However, a two-member bench of the appellate tribunal granted Affle 3i liberty to file a fresh application before the National Company Law Tribunal (NCLT) alleging fraudulent initiation of the Corporate Insolvency Resolution Process (CIRP).
“We do not find any good reasons to interfere with the impugned order as it…