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Insolvency proceedings Gujarat High Court stays NCLT order against Rasna

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Ahmedabad , Gujarat , India , New-delhi , Delhi , Justice-vd-nanavati , Ravindra-kumar-goyal , National-company-law-tribunal , Gujarat-high-court-on , National-company-law-appellate-tribunal , Rasna-industries , Rasna-group-legal-team

Insolvency proceedings: Gujarat High Court stays NCLT order against Rasna

NCLT had passed the order on the petition filed by one of its operational creditors Bharat Road Carriers, claiming a default of Rs 71.27 lakh and had appointed Ravindra Kumar Goyal as Interim Resolution Professional (IRP). A statement from Rasna Group Legal Team said, "Considering the overall facts and circumstances of the case, the High Court of Gujarat was pleased to entertain the petition filed by Rasna challenging the order of NCLT."

Ahmedabad , Gujarat , India , Justice-vd-nanavati , Ravindra-kumar-goyal , Gujarat-high-court-on , Rasna-group-legal-team , Rasna-industries , High-court , National-company-law-tribunal , National-company-law-appellate-tribunal , Gujarat-high-court