NCLAT sets aside NCLT order declaring JC World Hospitality promoters ineligible for bidding
Published on: Nov. 16, 2025, 3:35 p.m. | Source: The Economic Times
The National Company Law Appellate Tribunal (NCLAT) has overturned a National Company Law Tribunal (NCLT) decision that barred JC World Hospitality's promoters from submitting a resolution plan. NCLAT found the NCLT's ruling "perverse and unsustainable," citing a lack of proper material review. The appellate tribunal revived the promoters' plan approval application, directing the NCLT to decide within three months.
