NCLAT tells IRP to take no further steps in Dream11 insolvency; NCLT order stayed

The National Company Law Appellate Tribunal, Thursday, noted that the order passed by the National Company Law Tribunal to initiate insolvency proceedings against the parent company of India’s largest sports fantasy platform Dream11 shall be stayed for now and the insolvency resolution professional may continue to keep the company as a going concern till then, but take no further steps.