NCLAT dismisses Wadhawan’s Appeal, Upholds Insolvency Proceedings against PPIL [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench in New Delhi, dismissed an appeal filed by Sarang Kumar Wadhawan, a shareholder of Privilege Power Infrastructure Limited (PPIL), and upheld the initiation of the Corporate Insolvency Resolution Process (CIRP) for a default of over Rs. 138 crore. The appeal was against…

