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NBFC was to dissolved on failing to achieve RBI's requirement of net owned fund of Rs. 2 crores

February 12, 2020[2020] 113 taxmann.com 400 (NCLT - Ahd.)
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IBC : Where due to lack of funds, petitioner NBFC could not achieve RBI requirement of net owned fund of Rs. 2 crores and company took decision to close down company, liquidator having complied with all requirements as specified under section 59, petitioner company was to be dissolved

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