The National Company Law Tribunal ("NCLT"), Mumbai Bench, comprising of Justice P. N. Deshmukh (Retd.) (Judicial Member) and Shri Shyam Babu Gautam (Technical Member), while adjudicating an application filed in Mr. Nitin Suresh Satghare & Ors. v Pancard Clubs Limited, has initiated Corporate Insolvency Resolution Process ("CIRP") against Pancard Clubs Ltd., while observing...
