Liquidation order of Ballarpur Industries set aside

The National Company Law Appellate Tribunal (NCLAT) Principal Bench, while adjudicating an appeal filed in Finquest Financial Solutions vs Anuj Jain (erstwhile RP of Ballarpur Industries) and others, has set aside the order dated 25 January 2022 passed by NCLT Mumbai Bench whereby Ballarpur Industries was sent to liquidation.

by Rahul Kumar