New Delhi, The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar till the next date of hearing, the company said in a regulatory filing.
The company did not inform about the next date of the hearing.
The Kolkata-bench of the National Company Law Tribunal (NCLT), on June 19, ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against Vikram Solar after admitting a plea of its operational creditor, Isitva Steels.
This order was challenged by Vikram Solar before the appellate tribunal NCLAT.
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