NCLT recalls order awarding Alchemist to ‘sister concern’ | India News
NEW DELHI: In a rare decision, National Company Law Tribunal (NCLT) on Feb 3 withdrew its corporate resolution order awarding a bankrupt company — Alchemist Ltd, promoted by former Trinamool Congress MP KD Singh — to a company that turned out to be a related group entity. The bench observed the “insolvency proceedings were vitiated…