National Company Law Appellate Tribunal at Chennai hears appeals against NCLT orders rejecting a minority shareholder's Scheme of Arrangement and confirming the sale of the corporate debtor as a going concern. The appellant challenged the concurrent running of the liquidation sale process and scheme consideration, contending that Section 230 of the Companies Act, 2013 takes precedence over the IBBI (Liquidation Process) Regulations, 2016.
19 May 2026The appeals arose from the liquidation of Kamachi Industries Limited (Corporate Debtor), which was admitted into Corporate Insolvency Resolution Proce...
