
IDBI Financial institution’s Insolvency Attraction Towards ZEEL Dismissed By NCLAT; Know Why | Financial system Information
IDBI vs ZEEL Case: The Nationwide Firm Regulation Appellate Tribunal (NCLAT) has dismissed IDBI Financial institution’s enchantment towards a Nationwide Firm Regulation Tribunal (NCLT) order, which had earlier rejected the personal lender’s plea to provoke insolvency proceedings towards Zee Leisure Enterprises Ltd (ZEEL). NCLAT serves because the appellate authority for selections made by the chapter…