NCLAT Dismisses Appeal by Suspended Director Against Admission of Section 7 Application by State Bank of India Against Corporate Debtor. The appeal was dismissed as the appellant lacked standing to challenge the assignment of debt from SBI to NARCL, and the Section 7 application was maintainable based on the debt assigned....
The appeal was filed by Nakul Bharana, a suspended director of Bareilly Highways Project Limited (corporate debtor), challenging the order dated 23.09.2024 of the National Company Law Tribunal, New De...




