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National Company Law Appellate Tribunal Stays CIRP Initiation Against Dream11

The National Company Law Appellate Tribunal issued a stay on the NCLT Mumbai bench’s order to commence a Corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, the company behind the fantasy sports platform Dream11. The tribunal also directed the Interim Resolution Professional (IRP), appointed by the NCLT after suspending Dream11’s board, to refrain from taking […]