Corporate insolvency resolution process against Indian developer dropped
31/07/2017
An Indian court has dropped legal action against Inox Wind in relation to a dispute with a creditor.
Inox said a corporate insolvency resolution process initiated by the National Company Law Tribunals Chandigarh bench had been closed on appeal.
The wind developer said earlier this month that the dispute with the creditor Jeena & Company had been resolved and so it had appealed to the National Company Law Appellate Tribunal to drop the proceedings.
Inox had issued a s…
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