CIRP - The NCLAT upheld the decision to reject inflated claims by the financial creditor, Stressed...

CIRP - The NCLAT upheld the decision to reject inflated claims by the financial creditor, Stressed Assets Stabilization Fund (SASF), and supported the termination of the CIRP process from the stage of the second Expression of Interest (EOI). The appellate tribunal also approved the replacement of the resolution professional, emphasizing the need for a fair and transparent CIRP process. .....

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