ResolutionBazaar
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  • The recent amendments to the liquidation process regulations 1. Person disqualified under Sec 29A cannot be a party to a scheme. although in Rasiklal Mardia, NCLAT had expressly upheld such right '...such ineligible entity cannot be a "party in any manner" to a scheme'. Would not it have been better if it restricted such person and its affiliates from being a sponsor to a scheme.
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