NCLT Allahabad approves appointment of Praveen Kumar Adlakha as Authorized Representative for homebuyers in Mind Makers Communications insolvency.
The appointment was necessitated by the demise of the previous AR, Uday Bhan Gupta, and was approved by the CoC.
Tribunal directs Resolution Professional to file a detailed status report on asset consolidation within two weeks.
Corporate Insolvency Resolution Process has been ongoing since admission in April 2019 with limited progress reported.