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.
Source: moneycontrol.com
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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.
Source: indiatimes.com
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.
Source: indiatimes.com
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.
Source: indiatimes.com
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.
Source: indianexpress.com