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NCLAT Approves Resolution Plan for Shell Companies

NCLAT Approves Resolution Plan for Shell Companies Fact SEBI had filed an appeal in NCLAT against the approval of resolution plan in Assam Company Limited by NCLT. It contested that the order of the Adjudicating authority for approval of Resolution Plan contravenes the provision as provided under Section 30(2) (e) (e) does not contravene any…