NCLAT Stays Insolvency Proceedings Against Aviation Company After It Offers To Deposit Double The Debt
Rupali jain
18 Nov 2025 11:30 AM IST
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently stayed the corporate insolvency proceedings against an aviation services company after it's suspended director offered to deposit Rs 1.09 crore, double the claimed dues of Rs. 54.03 lakh (with 15% interest), which had been pending since 2019, to demonstrate its bona fide intentions.The bench, comprising Chairperson...
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