Vaxtex Cotfab Limited Appeals to NCLAT; Order Received on September 7, 2024

Vaxtex Cotfab Limited Updates on Appeal Before NCLAT

Team Finance Saathi

07/Sep/2024

What's covered under the Article:

Vaxtex Cotfab Limited has filed an appeal with the National Company Law Appellate Tribunal (NCLAT).

Order Details: The order was issued on September 5, 2024, and received by the company on September 7, 2024.

Next Steps: The appeal will be reviewed again on October 3, 2024, with interim orders continuing.

Vaxtex Cotfab Limited has provided an update on its ongoing legal matters as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company recently filed an appeal with the National Company Law Appellate Tribunal (NCLAT), and an order related to this appeal was issued on September 5, 2024. The order was officially received by the company on September 7, 2024.

The appeal, referenced as Comp. App. (AT) (Ins) No. 243 of 2024, involves Aakash Thakor as the appellant and Shree Shyam Avenues Pvt. Ltd. & Anr. as the respondents. The NCLAT has addressed issues regarding a fixed deposit that was required to be submitted in the name of the respondent. The appellant has been given an additional two weeks to comply with this requirement, with a fresh fixed deposit to be prepared and submitted accordingly.

The NCLAT has scheduled the next hearing for October 3, 2024, and interim orders will continue until then. The order emphasizes that pleadings must be completed before the next hearing date, and the appellant is expected to meet the required conditions promptly.

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Vaxtex Cotfab Limited Updates on Appeal Before NCLAT

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