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IBC - Highlights / Catch Notes

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Consideration of Resolution plan - Validity of order of NCLT ...

Insolvency and Bankruptcy

September 22, 2022

Consideration of Resolution plan - Validity of order of NCLT excluding and extending CIRP period - the plan is pending for approval before the same Adjudicating Authority and the Adjudicating Authority for reasons best known to it allowed the application filed by the Respondents No. 5 to 7 is arbitrary and against all canons of law. - AT

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