Case Law Details
Case Name : United Bank of India Vs Concast Morena Road Projects Pvt. Ltd. (NCLAT Delhi)
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NCLAT
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United Bank of India Vs Concast Morena Road Projects Pvt. Ltd. (NCLAT Delhi)
The National Company Law Appellate Tribunal (NCLAT), Delhi, dismissed an appeal filed by United Bank of India (now Punjab National Bank) against an order of the National Company Law Tribunal (NCLT), Kolkata, thereby upholding the rejection of a Section 7 insolvency application against Concast Morena Road Projects Pvt. Ltd. The NCLT had rejected the application on two grounds: failure to prove disbursement
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