Disposed
In the matter of Nangloi Water Services Private Limited [IB-86-ND-2024]
NCLTIB-86-ND-2024
Case brief
AI extract
What is this about?
The Tribunal disposed of an application for initial approval of a resolution professional to be the provisional liquidator under Section 7 of the IBC, 2016, keeping it pending to facilitate settlement talks and setting a two-week timeline for revival.
What did the court decide?
The petition was disposed of to enable settlement talks, with a two-week timeline set for revival if no settlement is reached.