 "Gavel, law")
Deccan Charters had repaid some amount which was adjusted into the accrued interest | Photo: Wikipedia
The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, its next date of hearing.
Earlier, the Bengaluru bench of the National Company Law Tribunal (NCLT) had directed initiation of Corporate Insolvency Resolution Process (CIRP), admitting a plea of financial creditor Krone Finstock claiming a default of around Rs 10 crore.
The Chennai bench of NCLAT on a petition filed by Sanjay Saihgal, a director of the suspended board of Deccan Charters, on Wednesday directed Krone Finstock …
Read the full article at: https://www.business-standard.com/companies/news/nclat-stays-insolvency-proceedings-against-deccan-charters-till-april-26-124041200430_1.html