Pancard Clubs: NCLT dismisses plea against Pancard Clubs resolution plan
The National Company Law Tribunal (NCLT) dismissed Ashdan Properties' petition against Chemhub Tradelink's approved resolution plan for Pancard Clubs, a bankrupt entity with over 1.5 million timeshare subscribers. Ashdan was one of three bidders interested in acquiring Pancard.
Source: indiatimes.com