NCLAT dismisses insolvency plea against Tata Chemicals

According to Allied Silica, Tata Chemicals, the corporate debtor, had only transferred a sum of Rs 65 crore, out of Rs 123 crore and the balance amount of Rs 58 crore has not been paid. On account of default, the interest amounts to Rs 10.44 crore, and thus a total of Rs 68.44 crore is the unpaid operational debt, it said.