Expert opinion – ZEEL MD & CEO Punit Goenka challenges NCLT’s insolvency order before NCLAT
Our Partner Ketan Mukhija shares his expert views with ET Legalworld on NCLT’s insolvency order before NCLAT being challenged by ZEEL MD & CEO Punit Goenka.
“ZEEL may proactively settle, resolve, or restructure the outstanding debt with IndusInd Bank Limited. It may then prefer to file an appeal before the NCLAT, for the stay and dismissal of the NCLT order, on the strength of the settlement/restructuring agreement executed between the parties or request the Bank through the IRP to file an application with NCLT itself for withdrawal of application admitted under section 7 of IBC.”
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