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NCLAT rightly stays order passed by AA staying contract termination notice subsequent to initiation of CIRP

January 22, 2021[2021] 123 294 (NCL-AT)

IBC : Order passed by Adjudicating Authority staying contract termination notice subsequent to admission of initiation of CIRP against corporate debtor had rightly been stayed, as it is duty of Resolution Professional to preserve and protect assets of corporate debtor and to keep it as a going concern

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