Stock Exchange NOC Not Required for Revival Schemes of Liquidating Companies

Nikhil Jain Vs Anil Goel (NCLAT New Delhi) Stock exchange NOC under LODR not required for schemes for revival of companies undergoing liquidation NCLAT New Delhi held that prior NOC from stock exchanges under Regulation 37(1)(2) the SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015 [LODR] is not required for schemes for revival of companies undergoing liquidation under the Code. Facts- The present appeal is filed u/s. 421 of the Companies Act, 2013 against order passed by National Company Law Tribunal, Mumbai. The said application was filed by Respondent No.1/Liquidator ...