The National Company Law Appellate Tribunal has stepped in to challenge a lower court's ruling regarding Belgotex India, a key player in the carpet and vinyl flooring market. After rejecting Belgotex's plea for insolvency against Puneet India, the appellate tribunal uncovered critical mistakes concerning the timing of defaults and the exclusions allowed.
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NCLAT directs lower tribunal to hear Belgotex insolvency plea afresh
The National Company Law Appellate Tribunal has stepped in to challenge a lower court's ruling regarding Belgotex India, a key player in the carpet and vinyl flooring market. After rejecting Belgotex's plea for…
