Mumbai: Nirmal Lifestyle has filed an appeal before the National Company Appellate Law Tribunal (NCLAT) against a recent order of the Mumbai bench of the National Company Law Tribunal (NCLT), which admitted an insolvency resolution petition against the company. A corporate debtor, the company had failed to make a payment of Rs 286 crore under facilities it was granted.
In its August 5 order that was made available on Wednesday, the NCLT had appointed chartered accountant Ajit Gyanchand Jain as its interim resolution professional (IRP) to run the day-to-day affairs of the company. The move came on a petition filed by financial creditor IDBI Trusteeship Services under the Insolvency and Bankruptcy Code (IBC) of 2016.
Ashok Paranjpe, managing…
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