NCLT rejects plea for initiating insolvency against Air India

The plea filed by Bharat Zaveri, proprietor of the Operational Creditor BKP Enterprise was rejected by a Bench of judicial member Abni Kumar Ranjan Sinha and technical member LN Gupta on the ground of delay.
NCLT rejects plea for initiating insolvency against Air India
Air India

The New Delhi Bench of National Company Law Tribunal (NCLT) on Tuesday rejected a plea filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Air India (BKP Enterprise v. Air India Limited).

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