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Conversion of public co. into private co. accepted as it was not prejudicial to members & creditors

March 15, 2019[2019] 104 24 (NCLT - Kolkata)

CL : Where petitioner, a NBFC, filed instant petition under section 14(1) seeking approval of Tribunal for conversion of its status from public to a private limited company, since, no objection was received from its members, creditors, RBI or any other person with regard to proposed change, instant petition was to be allowed

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