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NCLAT stays insolvency proceedings against HCL Tech

A two-member NCLAT bench, while admitting the petition filed by HCL Tech MD and CEO C Vijayakumar stayed the National Company Law Tribunal (NCLT) order of January 17, 2022, to initiate insolvency against the IT major. ....

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Relief For HCL Tech As Company Law Tribunal Stays Insolvency Proceedings

In a major relief to IT firm HCL Technologies, the National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings initiated against it on a plea filed by a creditor. ....

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