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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

NCLAT dismisses insolvency proceedings plea against HUL

The NCLAT dismissed a plea against HUL by an operational creditor seeking insolvency proceedings. The NCLT had already rejected the plea, as the amount was below the Rs 1 crore threshold and involved a pre-existing dispute. The dispute was supported by a notice for arbitration, and claims of interest and MSME status were also rejected.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/nclat-dismisses-insolvency-proceedings-plea-against-hul/117617166
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