India’s National Company Law Appellate Tribunal (NCLAT) has suspended insolvency proceedings against Deccan Charters (Bengaluru International) until its next hearing on April 26, according to multiple local media reports.

The tribunal directed the applicant, financial creditor Krone Finstock, to reply within four days to arguments presented by Deccan Charters in its appeal filed with the NCLAT, reported The New Indian Express newspaper.

This comes after the Bengaluru bench of the National Company Law…

Source: ch aviation
Read more: Indian tribunal halts Deccan Charters' insolvency process