Saturday, August 22, 2020

NCLAT dismisses plea to initiate Insolvency Proceedings against Tata Chemicals [Read Judgment]

The National Company Law Appellate Tribunal (NCLAT) has set aside a plea challenging an NCLT order that rejected the petition to initiate insolvency proceedings against Tata Chemicals NSE 1.88 % for claimed operational debt of Rs 68.44 crore. Allied Silica and Tata Chemicals had entered into a business transfer agreement (BTA) on April 7, 2018, […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3l9Ghg0

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