On August 6, the National Company Law Tribunal (NCLT) had admitted an application filed by Techno for initiating corporate insolvency resolution process (CIRP) against McLeod.
The National Company Law Appellate Tribunal (NCLAT) has admitted an appeal filed by McLeod Russel promoter, Aditya Khaitan, against insolvency proceedings and will decide on staying the formation of committee of creditors (CoC) after Techno Electric & Engineering, the financial creditor, files its reply.
In its order, the appellate tribunal said, We have considered the submissions, the appeal is admitted for hearing, however, we will consider the application for stay after filing reply by the respondent…
Read the full article at: https://www.business-standard.com/article/companies/nclat-admits-mcleod-promoter-appeal-to-decide-on-constitution-of-coc-121082601196_1.html
