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2024

NCLAT directs NCLT to hear afresh insolvency plea by APL Apollo Tubes

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NCLAT directs NCLT to hear afresh insolvency plea by APL Apollo Tubes

NCLAT directs NCLT to rehear APL Apollo Tubes insolvency plea against Tanisha Scaffolding. Bench criticizes Bengaluru NCLT for rejecting claims on 'hypothetical interpretation' related to Purchase Order and Demand Notice. NCLAT emphasizes adherence to statute in tribunals. NCLAT orders expeditious proceedings.