After recusal over attempt to influence member, NCLAT sets aside insolvency; imposes ₹10 lakh costs
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside insolvency proceedings in a case that had earlier seen a tribunal member recuse after disclosing an alleged attempt to influence the outcome through a retired High Court judge. [Attluru Sreenivasulu Reddy, Suspended Director of KLSR Infratech Ltd v. AS Met Corp] A Bench led…

