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NCLT OKS Sahara QShop insolvency
December 09, 2023
|Mint Mumbai
The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues.
A Mumbai bench of the tribunal, led by Justice Kishore Vemulapalli, held that Sahara Q Shop Unique Products Range had defaulted in paying its dues to Sigma Supply Chain Solution.
Sahara Q Shop had been launched as a consumer packaged goods and retail business in 2012.
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