Amtek Auto resolution takes new twist - The Hindu BusinessLine
Amtek Auto resolution takes new twist April 18, 2021 NCLAT has dismissed the petition and has imposed a penalty of ₹1 lakh on DVI NCLAT has dismissed the petition and has imposed a penalty of ₹1 lakh on DVI× NCLAT rejects Deccan Value Investors condition on land lease The three-year-old insolvency case of Amtek Auto has taken yet another interesting twist with the National Company Law Appellate Tribunal (NCLAT) dismissing the petition of the successful resolution applicant, Deccan Value Investors (DVI), and imposing a penalty of ₹1 lakh to be paid in 15 days. NCLT’s approval The Nati...
Source: thehindubusinessline.com