Upholds Insolvency Against the Company [Read Order]

The National Company Law Appellate Tribunal (NCLAT) has upheld the order of the Mumbai Bench of the NCLT that admitted a Section 7 petition against Future Ideas Company Ltd. The appeal, filed by suspended director Anil Biyani, was dismissed on April 9, 2025. The case revolves around ₹122.83 crore in unpaid dues arising from non-convertible…