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Earlier, homebuyers who had been allotted flats before the realty firm became insolvent, were left with no remedy except for being entitled to a refund

The National Company Law Appellate Tribunal (NCLAT) has stayed the NCLT Mumbai bench's order to initiate a Corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, the operator of the fantasy sports platform Dream11. The stay will remain in effect until the next hearing on February 23.

Get latest articles and stories on Latest News at LatestLY. The National Company Law Appellate Tribunal on Wednesday stayed the NCLT Mumbai bench order to initiate a corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, which operates the fantasy sports platform Dream 11. Latest News | NCLAT Stays NCLT Order in Dream 11 Case, Directs IRP Not to Take Any Step Till Feb 23.

A spokesperson in the Ajay Singh-promoted airline said that the salaries have been paid to over 75 per cent of the employees as of now. The pension fund deposits will be done soon.

The Supreme Court on Monday (February 12) observed that the claim submitted by the Resolution Applicant (“RA”) under the Corporate Insolvency Resolution Process (“CIRP”) cannot be rejected/overlooked...