No Prior NOC from Stock Exchanges Required for Revival Schemes of Companies in Liquidation Under LODR Regulation 37(1)(2): NCLAT [Read Notification]

Prior NOC from stock exchanges under Regulation 37(1)(2) of the LODR is not required for schemes for revival of companies undergoing liquidation under the Code
By Aiswarya Krishnadas - On August 23, 2024 4:08 pm - 2 mins read
CLAT - NCLAT Delhi - NOC - No-Objection Certificate - National Company Law Appellate Tribunal - Appellate Tribunal - TAXSCAN

The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) ruled that no prior No-Objection Certificate (NOC) from stock exchanges is required for revival schemes of companies in liquidation under Listing Obligation and Disclosure Requirements (LODR) Regulation 37(1) (2). An appeal has been filed under Section 421 of the Companies Act, 2013 against an…

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