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The Code, over a brief span of 7 years, has come as a respite to the withering economy as it has provided a more efficient and effective system for resolving distressed entities. Though the Code has witnessed noteworthy changes, the same has come with its share of challenges and opportunities writes Anoop Rawat, Partner, Shardul Amarchand Mangaldas
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The judges of NCLAT informed the investors' counsel this that as an appellate court, they cannot intervene in matters that are "yet to mature" in NCLT
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