NEW DELHI: Inox Wind today said National Company Law Appellate Tribunal(NCLAT) has released the company from the rigour of law and allowed it to function independently through its board of directors with immediate effect.
NCLAT has also directed National Company Law Tribunal (NCLT) to close the Corporate Insolvency Resolution Process (CIRP)initiated against the company, it said in a statement today.
“This has reference to the appeal filed by Inox Wind before NCLAT, praying that the CIRP initiated by National Company Law Tribunal (NCLT), Chandigarh Bench in the matter of Jeena & Co Vs Inox Wind, vide their orders dated July 5 and July 11, 2017 be set aside,” it said.
The company had however informed BSE that it has already settled …
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