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NCLAT extends time for ending insolvency job for Vasan Healthcare

The National Company Law Appellate Tribunal has granted more time till November 30 for completing the insolvency resolution process for Vasan Healthcare and set aside an NCLT order, saying the timeline could be extended in view of exceptional circumstances and save the company from liquidation. A two-member Chennai Bench of the appellate tribunal has also…

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NCLAT extends time for ending insolvency job for Vasan Healthcare

The Nationwide Company Law Appellate Tribunal has granted extra time until November 30 for ending the insolvency resolution job for Vasan Healthcare and space apart an NCLT teach, announcing the timeline will be prolonged in survey of distinctive circumstances and keep the firm from liquidation. A two-member Chennai Bench of the appellate tribunal has also excluded the time spent in filing appeals – from August 18 to November 25 – earlier than it…
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