NCLAT ordered the IRP of Sporta Technologies, operator of Dream 11, to maintain the company as a going concern, halting insolvency steps during the CIRP stay by NCLT Mumbai bench, after an urgent plea by Dream11 COO Bhavit Sheth.
The National Company Law Appellate Tribunal (NCLAT) has stayed the NCLT Mumbai bench s order to initiate a Corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, the operator of the fantasy sports platform Dream11. The stay will remain in effect until the next hearing on February 23.
Get latest articles and stories on Latest News at LatestLY. The National Company Law Appellate Tribunal on Wednesday stayed the NCLT Mumbai bench order to initiate a corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, which operates the fantasy sports platform Dream 11. Latest News | NCLAT Stays NCLT Order in Dream 11 Case, Directs IRP Not to Take Any Step Till Feb 23.