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The Ship Has Sailed! NCLAT Overturns NCLT Order - Goods Abandoned Prior To CIRP, Not Assets Of Corporate Debtor
In a recent judgment overturning the order of the NCLT, Ahmedabad (NCLT), the NCLAT New Delhi held that abandoned imported goods lying in the customs warehouses for several years, cannot be considered a part of the Corporate Debtor's assets.

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