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NCLAT Approves Resolution Plan Of Shell Company Despite SEBI's Objections

Arunima Bhattacharjee
5 Sep 2019 4:14 AM GMT
NCLAT Approves Resolution Plan Of Shell Company Despite SEBI

In the absence of any material irregularity in exercising the powers by the RP during the CIRP, or regarding provision for payment of insolvency resolution costs in the resolution plan, the appeal was found to be not maintainable by the NCLAT, and was dismissed.

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