NCLT Rejects Uniton Infra's Insolvency Plea Against SP Group
The National Company Law Tribunal (NCLT) rejected Uniton Infra's plea to initiate insolvency proceedings against Shapoorji Pallonji & Co. The case involved an alleged Rs 4.31 crore default related to road resurfacing work in Nellore. The tribunal ruled that one invoice was protected by the Covid-era bankruptcy filing ban, and the remaining claim was below the Rs 1 crore minimum threshold.
Economic Times··Nellore




