The National Company Law Tribunal (NCLT) has approved gaming and media firm Nazara Technologies’ resolution plan to acquire Sachin Tendulkar-backed Smaaash Entertainment, which has been undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC).“We wish to inform you that the resolution plan submitted by the company for acquisition of Smaaash Entertainment Private Limited, a company undergoing corporate insolvency resolution process under the insolvency and bankruptcy code, 2016, has been approved by the National Company Law Tribunal, Mumbai… subject to a modification of the provisos to the term effective date,” Nazara informed stock exchanges on Wednesday.
In August 2024, Nazara said it received a letter of…
