NCLAT revives Culver Max insolvency plea, faults NCLT for denying chance to cure defects

Mumbai: India’s appellate insolvency tribunal, the National Company Law Appellate Tribunal (NCLAT), has set aside an earlier order of the National Company Law Tribunal (NCLT) that rejected an insolvency petition filed by Culver Max Entertainment, formerly known as Sony Pictures Networks India. In its ruling, the appellate tribunal remanded the matter back to the NCLT’s…

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