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No hurdles for Duncans Ind resolution plan

Mint Mumbai

|

March 10, 2025

NCLT, on 18 October 2024, approved the resolution plan filed by Uniglobal Papers

Appellate tribunal NCLAT has set aside petitions against the NCLT order that approved the resolution plan for Duncans Industries.

The National Company Law Appellate Tribunal (NCLAT) also clarified that while approving the resolution plan for Duncans Industries, the NCLT has not made any observations regarding the "grant or non-grant of renewal of leases" of tea gardens.

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