NCLAT Allows Appeal Against NCLT Order Permitting Erstwhile Promoter to Submit Resolution Plan. The Tribunal held that an erstwhile promoter who is a related party under Section 29A of the Insolvency and Bankruptcy Code, 2016 is ineligible to submit a resolution plan....
The appeal was filed by M/s. Meir Commodities India Pvt. Ltd., a prospective resolution applicant, challenging the order of the National Company Law Tribunal (NCLT), Hyderabad, dated 08.05.2024. The N...




