NCLT dismisses Uniton Infra's insolvency plea against Shapoorji Pallonji group

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The National Company Law Tribunal has rejected a petition filed by Uniton Infra against the Shapoorji Pallonji group. Uniton Infra had sought to initiate insolvency proceedings against three SP group firms over an alleged debt. The tribunal ruled that the plea was not maintainable as the operational debt in question was disputed. The order was issued by the Mumbai bench of the NCLT, providing relief to the SP group companies.

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