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HC stays NCLT order to...

The High Court of Gujarat has...

HC stays NCLT order to initiate insolvency proceedings against Rasna

The High Court of Gujarat has stayed the order passed by NCLT to initiate insolvency proceedings against Rasna. “Considering the overall facts and circumstances of the case, the High Court of Gujarat was pleased to entertain the petition filed by Rasna challenging the order of NCLT. The order of the NCLT passed on Friday has been stayed in the first hearing held today in the High Court.,” said a statement from Rasna Group’s legal teamRasna has also filed a petition in the NCLAT against the NCLT order. However,...

HC stays NCLT...

The High Court of Gujarat has stayed the order passed by NCLT to initiate insolvency proceedings against Rasna. “Considering the overall facts and...