NCLT rejects Uniton Infra's plea against SP group

NCLT rejects Uniton Infra's plea against SP group

The National Company Law Tribunal rejected Uniton Infra’s plea seeking insolvency proceedings against Shapoorji Pallonji & Co over an alleged Rs 4.31 crore default linked to road resurfacing work in Nellore. The tribunal said one invoice fell under the Covid-era ban on bankruptcy filings, while the remaining claim was below the Rs 1 crore threshold.

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