Inox Wind asks NCLT to quash insolvency case over Rs 57 lakh dues

Experts say there is no going back; company fails to clarify on lay-offs

Inox Wind Limited, facing insolvency proceedings over non-payment of dues of Rs 57 lakh to its customs agent, has asked the National Company Law Tribunal (NCLT) to quash the case.

“Inox Wind Limited has preferred an appeal before the NCLT, praying that the said proceedings be quashed. The matter has been listed for hearing on Monday, July 17,” Inox said in an emailed reply to Business Standard.

The reply came a day after the paper reported that the company had been dragged to the NCLT by its customs agent Jeena & Company over the dues. 

Inox Wind Limited, in its reply,