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Shareholders have right to approve of or disapprove board's decision for initiating CIRP u/s 10

June 6, 2019[2019] 107 67 (NCL-AT)

IBC: Where deed of pledge of securities mentioned cessation of voting right of shareholders in case of default, same would not cease shareholder's right to decide whether approving or disapproving decision to proceed CIRP under section 10

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