NCLAT stays insolvency proceedings against ECL – The Financial Express
Following NCLTs order, Coal India moved NCLAT, challenging the order. The National Company Law Appellate Tribunal (NCLAT) on Saturday stayed an order passed by the National Company Law Tribunal (NCLT) to initiate corporate insolvency resolution process against Eastern Coalfields (ECL), a subsidiary of state-run Coal India (CIL). The Kolkata bench of the NCLT on December…