Delhi HC: Govt Created 'Utter Chaos' in OBC Reservation Rules Through Conflicting Notifications  ||  Calcutta HC: Acceptance of Rent After Quit Notice Doesn't Waive Tenancy Termination  ||  Delhi HC Flags EFI Selection Criteria Breach in Asian Games Dressage Team, Declines to Interfere  ||  Delhi High Court Safeguards Ravi Kishan's Personality Rights From Misuse  ||  Cal HC: Wife’s Ancestral Property Claim Can Amount to Dowry Demand if Made under Husband's Pressure  ||  Gujarat HC: Sessions Court Prima Facie Overreach Bail Jurisdiction by Ordering Executive Action  ||  Kerala HC: Re-Arrest is Allowed After an Illegal Arrest With Prior Judicial Approval  ||  Madras High Court: Section 15(2) Safeguards Need Not Apply to Searches in Commercial Spas  ||  Supreme Court: Proof of Attestation Alone Doesn't Establish Will's Genuineness  ||  Delhi HC: Education Department Cannot Restrict Recruitment in Aided Minority Schools    

NCLT Orders Metalyst Forgings Rebid - (09 Oct 2019)

COMMERCIAL

National Company Law Tribunal’s (NCLT) Mumbai bench has ordered a fresh round of bidding for stressed auto forgings company Metalyst Forgings after finding truth in winner Deccan Value Investors’ (DVI) claim that its plan had been “vitiated” due to “incorrect information” on the asset. However, it emphasised that DVI could have carried out its due diligence more effectively to avoid “derailing” of the resolution process.

Tags : NCLT   METALYST FORGINGS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved