The NCLAT granted interim relief to Vikram Solar by staying insolvency proceedings pending further hearing | Image Source: Wikipedia (Representative)
New Delhi, June 25: The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar and directed the company to deposit the entire admitted operational debt of Rs 91.98 lakh till the next hearing.
NCLAT Grants Interim Relief
During the proceedings, Vikram Solar offered to deposit the entire admitted operational debt of about Rs 92 lakh, which was accepted by a two-member Bench of the appellate tribunal.
Counsel appearing for the operational creditor and the Interim Resolution Professional…