The National Company Law Tribunal (NCLT) has recently rejected the Corporate Insolvency Plea filed by Birla Cotsyn (India) Limited through its liquidator Anil Goel seeking to initiate a Corporate Insolvency Resolution Process (CIRP) against Birla Global Corporate Private Limited. The petition was filed, invoking the provisions of Section 7 Insolvency and Bankruptcy Code (hereinafter called…
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