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Applicant Co. was to be dissolved when stakeholders didn’t raise objection and Co. had complied with all requirements

May 21, 2020[2020] 116 626 (NCLT - Ahd.)

IBC: Where Board of Directors of company took a conscious decision to close down company due to non-availability of business prospects and non-availability of long-terms financial resources and there was no objection from any parties, company was to be dissolved

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