NCLAT rejects NCLT order, directs fresh hearing in Culver Max insolvency petition against fintech firm
India’s appellate tribunal, the National Company Law Appellate Tribunal (NCLAT), has set aside a National Company Law Tribunal (NCLT) order that rejected Culver Max Entertainment’s insolvency petition against an Odisha-based fintech firm, offering relief to the broadcaster, which was formerly known as Sony Pictures Network India. NCLAT passed the case back to the Cuttack bench…

