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The Economic Times

Business

NCLAT revives Walchandnagar Industries' insolvency plea against Swaraj India Agro on SC direction

National Company Law Appellate Tribunal Bankruptcy NCLT

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has restored an appeal by Walchandnagar Industries challenging the dismissal of its insolvency petition against Swaraj India Agro and has issued notice.

The appeal was restored following a July 28 Supreme Court order that set aside the NCLAT's earlier dismissal of Walchandnagar's insolvency appeal and restored it to its original status, subject to payment of Rs 2 lakh.

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