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The National Company Law Appellate Tribunal had dismissed Nitin Desai’s appeal against an NCLT order initiating the corporate insolvency resolution process against his company. Naina had challenged the NCLAT order.
India News: The Supreme Court has dismissed an appeal by Naina Desai, widow of Bollywood art director Nitin Desai, against a National Company Law Appellate Tribun
The Supreme Court has dismissed a petition by Naina Desai, widow of art director Nitin Desai, seeking a review of the National Company Law Appellate Tribunal (NCLAT) order allowing bankruptcy proceedings against their company. This clears the way for recovery proceedings against ND's Art World Pvt Ltd, which owes Edelweiss Asset Reconstruction Co. close to Rs 300 crore.
India News: The Supreme Court has dismissed an appeal by Naina Desai, widow of Bollywood art director Nitin Desai, against a National Company Law Appellate Tribun
The Supreme Court has dismissed a petition seeking a review of the National Company Law Appellate Tribunal's (NCLAT) order allowing bankruptcy proceedings against ND's Art World Pvt Ltd, a company owned by late art director Nitin Desai and his widow Naina Desai. The dismissal clears the way for recovery proceedings against the company, which owes Edelweiss Asset Reconstruction Co. around Rs 300 crore.