NCLAT orders NCLT to re-hear APL Apollo Tubes' insolvency plea against Tanisha Scaffolding.

The NCLAT has directed NCLT to re-hear APL Apollo Tubes' insolvency plea against Tanisha Scaffolding. The NCLAT criticized NCLT for dismissing the plea based on hypothetical interpretations, and instructed NCLT to confine its findings to respective pleadings and evidence, not substitute its own stand, and provide an opportunity for Tanisha Scaffolding to file objections. NCLAT also urged NCLT to expedite the proceedings.

June 17, 2024
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