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Resolution process initiated without leave of Company Court is defective: HC

November 16, 2018[2018] 100 13 (Bombay)

IBC: In case of a company facing liquidation proceeding in a winding up petition before company Court, no application can be filed or continued with regard to initiation of resolution process under Chapter II of Part II of the IBC without leave of Company Court under section 446(1) of Companies Act, 1956

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