NCLAT sets aside Sterling Biotech liquidation, allows lenders to drop insolvency case

By Beena Parmar

  • 29 Aug 2019
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Credit: Pixabay

The National Company Law Appellate Tribunal (NCLAT) has set aside a lower court’s order to liquidate Sterling Biotech Ltd and allowed its lenders to withdraw insolvency proceedings against the debt-laden pharmaceutical company. The tribunal also said that the lenders can now accept the one-time debt settlement offer made on behalf of ......

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