104-year-old PSU Bridge and Roof escapes insolvency after NCLAT quashes NCLT order

The creditor, Chevrox Constructions, informed NCLAT that it had received the entire debt amount from Bridge and Roof. In light of this, the NCLT order was set aside.

The National Company Law Appellate Tribunal (NCLAT) on February 16 quashed an order of the National Company Law Tribunal (NCLT) at Kolkata admitting a 104-year-old government-owned company into insolvency [Ravi Kumar v. Chevrox Constructions Ltd.].

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