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Dream 11 case: NCLAT stays NCLT order in Dream 11 case, directs IRP not to take any step till Feb 23

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.

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Latest News | NCLAT Stays NCLT Order in Dream 11 Case, Directs IRP Not to Take Any Step Till Feb 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.

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Dream11 s parent company challenges insolvency petition in NCLAT appeal

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

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Dream11 Reports Revenue of Rs 6,384 crore, Showing Impressive Financial Performance

Dream11 Reports Revenue of Rs 6,384 crore, Showing Impressive Financial Performance
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Players in crossfire as online gaming firms grapple with massive tax hit

While online gaming firms might be able to absorb a portion of the higher tax rates, the challenge lies in retaining users while passing on some of the tax burden to them

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