The National Company Law Appellate Tribunal has set aside NCLT’s direction to liquidate Three C Homes and ordered that other options be considered for resolution of the debt-ridden realty firm.
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NCLAT|NCLT|liquidation
The National Company Law Appellate Tribunal (NCLAT) has set aside NCLT’s direction to liquidate Three C Homes and ordered that other options be considered for resolution of the debt-ridden realty firm.
While remanding back the matter to NCLT, the appellate tribunal said liquidation should be the last resort for insolvency resolution process of any residential project and asked NCLT to review its direction.
On February 8, 2021, the New Delhi bench of the National Company Law Tribunal (NCLT) had rejected t…
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