The regulator found that the entity had found that disclosures on an arbitration proceeding and reward were not sufficient
The bench also appointed Sanjay Gupta as the liquidator in the matter.
The tribunal said that the demerger information was available in the public domain
This was the third extension by the Mumbai bench of the National Company Law Tribunal (NCLT).
The deadline for submission of resolution plans was May 15, 2023, for 48 companies, which were in the final list of 'Eligible Prospective Resolution Applicants'.