The Economic Times

NCLT rejects Uniton Infra insolvency plea against Shapoorji Pallonji over Rs 4.31 crore claim

The National Company Law Tribunal rejected Uniton Infras plea seeking insolvency proceedings against Shapoorji Pallonji & Co over an alleged Rs 4.31 crore default linked to road resurfacing work in Nellore. The tribunal said one invoice fell under the Covid-era ban on bankruptcy filings, while the remaining claim was below the Rs 1 crore threshold.