The National Company Law Appellate Tribunal (NCLAT) has halted insolvency proceedings against Deccan Charters, owned by Captain GR Gopinath, until April 26, 2024, following a plea by financial creditor Krone Finstock citing a default of Rs 10 crore. NCLAT directed a reply from Krone Finstock within four days and instructed the interim resolution professional to pause proceedings.
