NCLT Orders Bally Exports Liquidation After CIRP Deadlock

NCLT Kolkata orders liquidation of Bally Exports Ltd. after CIRP failed to yield a resolution plan approved by the Committee of Creditors.
Deutsche Bank's delayed claim of ₹7.28 crore was rejected by the Resolution Professional and dismissed by the Tribunal due to non-compliance with timelines.
RP Neeraj Kumar Sureka was appointed as Liquidator, with financial creditors directed to contribute to liquidation costs as per regulations.