The National Company Law Appellate Tribunal (NCLAT) has overturned a National Company Law Tribunal (NCLT) decision, allowing Culver Max Entertainment to rectify defects in its insolvency petition against an Odisha-based fintech firm. The NCLAT directed the NCLT's Cuttack bench to rehear the case, emphasizing that the broadcaster should have been given an opportunity to correct application flaws. The appellate tribunal aims for this process to be completed within two months, setting aside the previous order due to procedural oversight.