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.
On Tuesday, Sporta Technologies, the parent company of Dream11, lodged an appeal with the National Company Law Appellate Tribunal (NCLAT) in Delhi, challenging the National Company Law Tribunal (NCLT) Mumbai s recent decision to accept an insolvency petition. The insolvency petition, filed by Reward Solutions resolution professional, alleged that Sporta Technologies defaulted on dues amounting to Rs 7.61 crore. I
Sinwattana Crowdfunding Corporation sees long-term growth potential for the local crowdfunding market in future decades, expecting a 10-year capital gains tax exemption for investments in Thai startups under 12 target industries to motivate entrepreneurs and investors.