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Stay informed with the latest breaking news from Reward solutions on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Reward solutions and stay connected to the pulse of your community

NCLAT sets aside insolvency process against Dream 11's parent

The NCLAT held that NCLT could not have admitted the company to insolvency as the plea was time barred.

Mumbai , Maharashtra , India , Madan-bajrang-lal-vaishnawa , Bhavit-sheth , National-company-law-appellate-tribunal , Business-solutions , National-company-law-tribunal , Sporta-technologies , Resolution-professional , Insolvency-resolution-process , Reward-solutions

Dream11 gets relief from Insolvency Resolution Process

The National Company Law Appellate Tribunal grants relief to Sporta Technologies, the parent company of Dream11, from the insolvency resolution process. Learn more about the case and the implications of Section 10A of the Insolvency and Bankruptcy Code, 2016.

New-delhi , Delhi , India , Mumbai , Maharashtra , Bhavit-sheth , National-company-law-appellate-tribunal-on , National-company-law-appellate-tribunal , Sporta-technologies , Bankruptcy-code , Reward-solutions ,

NCLAT reserves order on plea challenging Dream 11 insolvency

NCLAT reserved judgment on Bhavit Sheth's plea against Sporta Technologies. RP argued 10A applies to default, not debt claim ability. Default for Section 9 application is 10 days post demand notice.

New-delhi , Delhi , India , Bhavit-sheth , National-company-law-tribunal , National-company-law-appellate-tribunal , Reward-solutions , Bankruptcy-code , Sporta-technologies ,

Dream 11: NCLAT asks IRP of Dream 11 not to take steps for insolvency

NCLAT ordered the IRP of Sporta Technologies, operator of Dream 11, to maintain the company as a going concern, halting insolvency steps during the CIRP stay by NCLT Mumbai bench, after an urgent plea by Dream11 COO Bhavit Sheth.

Kozhikode , Kerala , India , Mumbai , Maharashtra , Madan-bajrang-lal-vaishnawa , Bhavit-sheth , Offering-college , Technology-leadership , National-company-law-appellate-tribunal , Business-solutions , Indian-school-of-business

NCLAT asks IRP of Dream 11 to maintain it as a going concern; not to take steps for insolvency

The appellate tribunal said it has already stayed the Corporate Insolvency Resolution Process (CIRP) of the company.

Mumbai , Maharashtra , India , Bhavit-sheth , Madan-bajrang-lal-vaishnawa , Business-solutions , Insolvency-resolution-process , Reward-solutions , Bankruptcy-code , Reward-business-solutions , Sporta-technologies , Sports-technologies

NCLAT stays insolvency process against Dream 11 till February 23

Dream 11 co-founder Bhavit Sheth filed an application claiming that the application seeking initiation of insolvency against Dream 11 was barred under Section 10A of IBC.

Mumbai , Maharashtra , India , Karan-malhotra , Ayush-pratap-singh , Aishvary-vikram , Abhijeet-sinha , Arun-kathpalia , Anuja-jhunjhunwala , Bhavit-sheth , Ritvik-bhanot , Anirudh-sinha

NCLAT Stays NCLT's Insolvency Order against Dream11

The national company law appellate tribunal, while staying an order passed by the Mumbai bench of the national company law tribunal (NCLT) to initiate a corporate insolvency resolution process (CIRP) against Sporta Technologies Pvt Ltd, the parent of Dream11 fantasy sports platform, has directed the resolution professional (RP) not to take further steps in the resolution process.

Mumbai , Maharashtra , India , Barun-mitra , Bhavit-shah , Arun-baroka , Madan-bajrang-lal-vaishnawa , Ashok-bhushan , Indian-premier-league , Solution-pvt-ltd , Sporta-technologies-pvt-ltd , Reward-solution-pvt-ltd

Dream11 insolvency: NCLAT tells IRP to take no further steps in Dream11 insolvency; NCLT order to remain for now

The counsel appearing for the co-founder and COO of Dream11, Bhavit Seth, had requested that no further steps be taken in the insolvency resolution professional, as any action will adversely affect the company which is preparing for the upcoming IPL season.

India , Mumbai , Maharashtra , Bhavit-seth , Madan-bajrang-lal-vaishnawa , National-company-law-tribunal , National-company-law-appellate-tribunal , Bankruptcy-code , Reward-solutions , Dream11-insolvency , Nclat , Irp

RBI's new diktat on commercial card payments; Google, WhatsApp in fresh face-off

Indias central bank has asked Visa and Mastercard to stop card-based commercial payments made by corporations. This and more in todays ETtech Top 5.

Gurgaon , Haryana , India , Toronto , Ontario , Canada , Karnataka , United-states , America , Mayank-kumar , Bhavit-seth , Deborah-quazzo

Dream 11 case: NCLAT stays NCLT order in Dream 11 case, directs IRP not to take any step till Feb 23

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.

Mumbai , Maharashtra , India , Madan-bajrang-lal-vaishnawa , Arun-kathpalia , Bhavit-sheth , Business-solutions , National-company-law-appellate-tribunal-on , National-company-law-tribunal , National-company-law-appellate-tribunal , Insolvency-resolution-process , Sporta-technologies