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No bar in running Sonali Life Insurance by administrator

The Supreme Court (SC) has halted a High Court (HC) order that stayed the Insurance Development and Regulatory Authority's (IDRA) decision to suspend the board of directors of Sonali Life Insurance and appoint an administrator to run the company.

HC stays IRDA decision to suspend Sonali Life Insurance board

The High Court has stayed for six months the Insurance Development and Regulatory Authority's (IDRA) decision to suspend the board of directors of Sonali Life Insurance and appoint an administrator to run the company.

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