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NCLAT junks plea of Log 9 Mobility's executives against order to assist in recovery of EVs leased from Gensol
The NCLAT rejected an appeal by Log 9 Mobility's suspended directors. They challenged an NCLT order to help recover leased electric vehicles. The tribunal stated NCLT has wide powers under the IBC code. Directors cannot avoid responsibility for assisting vehicle identification and handover. The appeal was dismissed as the grounds lacked merit.
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economictimes.indiatimes.com
NCLAT junks plea of Log 9 Mobility's executives against order to assist in recovery of EVs leased from Gensol
The NCLAT rejected an appeal by Log 9 Mobility's suspended directors. They challenged an NCLT order to help recover leased electric vehicles. The tribunal stated NCLT has wide…
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thehindubusinessline.com
NCLAT junks plea of Log 9 Mobility's execs against order to assist in recovery of EVs leased from Gensol
NCLAT rejects Log 9 Mobility's executives' plea, affirming NCLT's authority to mandate assistance in recovering leased electric vehicles.