The National Company Law Appellate Tribunal (NCLAT) dismissed an insolvency plea against HUL, ruling that the operational creditor’s claim was below the threshold limit and involved pre-existing disputes. The appellate tribunal upheld the NCLT’s decision, rejecting the plea filed by K Lakshmi…
New Delhi, Jan 27 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major.
The appellate tribunal has upheld an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on September 5, 2024 had set aside a plea filed under Section 9 of IBC by K Lakshmi Narayana, Proprietor of…
