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Legal▼ Bearish for Affle 3i
NCLAT rejects Affle 3i appeal, allowing fresh application before NCLT
The brief
- NCLAT dismissed Affle 3i’s appeal over Talent Unlimited’s insolvency proceedings
- Affle 3i may file a fresh application before NCLT alleging fraudulent CIRP initiation
- The ruling affects Affle 3i’s recovery prospects and exposure to the insolvent company