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NCLAT directs liquidation of KS Oils, pulls up NCLT for lapse of 981 days SECTIONS Last Updated: Mar 17, 2021, 05:25 PM IST Share Synopsis The National Company Law Appellate Tribunal (NCLAT) has directed to initiate liquidation process of leading integrated edible oil company K S Oils Ltd and set aside an NCLT order passed against it. The National Company Law Appellate Tribunal (NCLAT) has directed to initiate liquidation process of leading integrated edible oil company K S Oils Ltd and set aside an NCLT order passed against it. Terming it unfortunate , the appellate tribunal observed that even after the lapse of 981 days and repeated compliance by the Resolution Professional to initiate the liquidation process, the NCLT had not considered it.

Madhya pradeshKuldeep vermaSupreme courtK soils ltdApex court judgmentsCommittee of creditorsKs oils ltdNational company law appellate tribunalResolution professionalActing chairperson justicebl bhatAdjudicating authorityCorporate debtorFoils ltdIndore benchNational company law tribunalResolution plan