In a landmark decision, the National Company Law Appellate Tribunal (NCLAT) recently rendered a judgment in Company Appeal (AT) (Insolvency) of 2024, involving Sporta Technologies Private Limited. The case, arising from an order dated 09.02.2024 by the Adjudicating Authority, delved into the complexities of insolvency proceedings and statutory provisions governing the matter.Mr. Bhavit Sheth, a
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