The National Company Law Appellate Tribunal on Wednesday stayed the NCLT Mumbai bench order to initiate a corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, which operates the fantasy sports platform Dream 11. However, it has also directed the Interim Resolution Professional (IRP), appointed by the National Company Law Tribunal (NCLT) after suspending the board …
The National Company Law Appellate Tribunal, Thursday, noted that the order passed by the National Company Law Tribunal to initiate insolvency proceedings against the parent company of India’s largest sports fantasy platform Dream11 shall remain for now and the insolvency resolution professional may continue to keep the company as a going concern till then, but …
As efforts continue to curb unfair business practices, CCI chief Ravneet Kaur on Tuesday said competition authorities cannot look at coordinated action in terms of enforcement against international cartels as each country has a different ecosystem. While addressing the media about the BRICS International Competition Conference to be held in the national capital from October …