NCLT dismisses plea against Pancard Clubs resolution plan
Mon, Feb 12, 2024 9:38 AM

NCLT dismisses plea against Pancard Clubs resolution plan

A Flip by Avya Verma
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The National Company Law Tribunal (NCLT) has dismissed a petition against the resolution plan of Chemhub Tradelink for bankrupt Pancard Clubs with over 1.5 million timeshare subscribers. This came after the court recommended using this case as a guideline for appointing a single insolvency professional as the authorised representative of a large number of financial creditors.

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