Tag: Rasna
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Case update: Bharat Road Carrier Private Limited v. Rasna Private Limited
Decided on 01 September 2013 | NCLT Ahmedabad Following an application from an operational creditor to commence a Corporate Insolvency Resolution Process (CIRP) against a prominent player in the beverage industry, the National Company Law Tribunal, Ahmedabad Bench (NCLT), held that initiating civil proceedings after the issuance of a Demand Notice should not be regarded…