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Asian Colour: Can lenders allow a fresh ‘coat’?

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Asian Colour: Can lenders allow a fresh ‘coat’?

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Can lenders call for fresh bids for a stressed asset after announcing the top buyer in the previous round of bidding under the Insolvency and Bankruptcy Code? This will be the key question for the National Company Law Tribunal in a case related to Asian Colour Coated Ltd (ACCL).

Asian Colour: Can lenders allow a fresh 'coat'?

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