Supreme Court upholds NCLAT Order Approving Reduced Claim for Noida SEZ in Corporate Resolution Plan [Read Judgement]
The NCLAT had reduced the amount, citing penalties associated with the sub-lease renewal and transfer charges as factors in the adjusted claim.
By Manu Sharma - On November 6, 2024 4:53 pm - 2 mins read
The Supreme Court has rejected a petition by the Noida Special Economic Zone (NSEZ) contesting the National Company Law Appellate Tribunal’s (NCLAT) approval of a resolution plan that awarded Rs. 50 lakh to NSEZ, a significant reduction from its original claim of around Rs. 6 crore in the Corporate Insolvency Resolution Plan (NCLAT). A bench…
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