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The National Company Law Appellate Tribunal (NCLAT) has quashed insolvency resolution proceedings against BD&P Hotels (India), a group entity of listed real estate developer DB Realty, while setting aside an earlier order of the National Company Law Tribunal (NCLT). ....
DB Realty had approached the appellate tribunal to challenge the National Company Law Tribunal s July 4 order to admit Bank of India s corporate insolvency resolution process (CIRP) plea against the company. ....
The The National Company Law Appellate Tribunal (NCLAT) on Thursday stayed a bankruptcy court order to admit an insolvency resolution plea against listed real estate developer DB Realty. An NCLAT division bench of Justice Ashok Bhushan and a technical member Barun Mitra has posted the matter for further hearing on September 6. ....
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