NCLAT Sets Aside Insolvency Case Against Vikram Solar, But Can It Revive Investor Confidence?
Kolkata-based solar manufacturer Vikram Solar has received a major reprieve after the National Company Law Appellate Tribunal (NCLAT) set aside the insolvency proceedings initiated against the company earlier this month, removing an overhang that had clouded investor sentiment and raised concerns over the firm’s future growth prospects. In a stock exchange filing, the company said…

