NCLT directs to initiate insolvency proceedings against Syska LED Lights
09 October 2024
The NCLT has initiated insolvency proceedings against Syska LED Lights after admitting a Qs 7.70 crore plea from Sunstar Industries. The tribunal appointed an interim resolution professional, rejecting claims of a pre-existing dispute and non-conformity with IBC provisions.
The NCLT has initiated insolvency proceedings against Syska LED Lights after admitting a Qs 7.70 crore plea from Sunstar Industries. The tribunal appointed an interim resolution professional, rejecting claims of a pre-existing dispute and non-conformity with IBC provisions.
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