The National Company Law Appellate Tribunal (NCLAT) has halted insolvency proceedings against Deccan Charters, owned by Captain GR Gopinath, until April 26, 2024, following a plea by financial creditor Krone Finstock citing a default of Rs 10 crore. NCLAT directed a reply from Krone Finstock within four days and instructed the interim resolution professional to pause proceedings. Read The Rest at :
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