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What does recent NCLAT ruling — liquidation of a firm under IBC holds precedence — mean? - The Indian Express 22-Jun-2020
What does recent NCLAT ruling — liquidation of a firm under IBC holds precedence — mean? - The Indian Express
In its judgment, the NCLAT set aside an order of Chennai NCLT on the grounds that BHEL’s charge over Surana Power assets were equal to the other 10 financial creditors, and therefore it could not be given precedence.
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