NCLAT sets aside insolvency process against Dream 11's parent
Thu, Apr 18, 2024 4:38 PM

NCLAT sets aside insolvency process against Dream 11's parent

A Flip by Shubhangi Gupta
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The National Company Law Appellate Tribunal (NCLAT) on April 18 set aside the corporate insolvency resolution process against Sporta Technologies, parent company of leading fantasy gaming platform Dream 11 and restored it to its pre-insolvency stage. The NCLAT held that the National Company Law Tribunal (NCLT) could not have admitted the company to insolvency as the plea was time barred.

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