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High Court Rules Prosecution Halted Post-Approval of Resolution Plan by NCLT in Corporate Insolvency Proceedings.

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....Continuation of prosecution proceedings against the company in cases CIRP proceedings where resolution plan has been approved - there is no dispute that a resolution plan has been approved by the Adjudicating Authority (NCLT) and in the circumstances, there is much merit in the contention that the petitioner cannot be prosecuted and is liable to be discharged. - HC....

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