NCLAT Overturns NCLT Order, Paves Way for JC World Hospitality Promoters
Published on: Nov. 16, 2025, 3:24 p.m. | Source: Devdiscourse
The National Company Law Appellate Tribunal (NCLAT) has overturned the NCLT's decision, declaring JC World Hospitality promoters ineligible under Section 29A of the IBC. Promoters are now permitted to submit their resolution plan, previously approved by the Committee of Creditors, with NCLAT mandating expedited handling by the NCLT.
