NCLT Dismisses Edelweiss ARC’s Insolvency Plea Against Om Omega Shelters, Terms It Profit-Sharing Investment, Not Financial Debt

NCLT holds Edelweiss ARC’s plea against Om Omega Shelters lacks financial debt criteria under IBC | Representational Image Mumbai: The National Company Law Tribunal (NCLT) has dismissed a Corporate Insolvency Resolution Process (CIRP) petition filed by Edelweiss Asset Reconstruction Company Limited ( financial creditor) against Om Omega Shelters Private Limited Corporate Debtor). The NCLT held…