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NCLT approves sale of shares held by IL&FS subsidiary to Japanese Co. ORIX

August 30, 2019[2019] 108 taxmann.com 537 (NCLT - Mum.)
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IBC : Where in resolution process of IL&FS group, permission was sought for sale of shares of its subsidiaries to ORIX, a Japanese company, sale of shares to ORIX was to be approved subject to payment made by ORIX in terms of Share Purchase Agreement (SPA)

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