NCLT Bengaluru Terminates Alpine Wineries’ Liquidation After Settlement Of ₹49 Crore Debt

The National Company Law Tribunal (NCLT), Bengaluru, on 12 October permitted termination of the liquidation proceedings against Alpine Wineries Private Limited after its financial creditors’ dues were settled under one-time settlement agreements. A Bench of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada allowed an application filed by Raghavendra Gowda, erstwhile director and…