The National Company Law Appellate Tribunal has dismissed the appeal filed by Stayzilla co-founder Yogendra Vasupal.
CHENNAI: The National Company Law Appellate Tribunal on Monday dismissed the appeal filed by Stayzilla co-founder Yogendra Vasupal, who had filed an appeal against the order of the NCLT Chennai bench initiating insolvency proceedings.
Yasupal confirmed to TOI that his appeal has been dismissed.
The NCLT Chennai bench had ordered commencement of insolvency proceedings in an order dated September 15 after advertising agency JigSaw Solutions filed a petition requesting initiation of corporate insolvency as an operational creditor under Section 9 of the Insolvency & Bankr…
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