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Liquidation order passed on completion of 180 days in absence of resolution plan didn’t suffer from any fallacy: NCLAT

May 21, 2020[2020] 116 625 (NCL-AT)

IBC: Where no resolution plan was submitted to revive corporate debtor and Adjudicating Authority passed order of liquidation of corporate debtor on completion of 180 days, objection of corporate debtor that liquidation order was passed with expiry of period of CIRP could not be upheld

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