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Listing fee dues cannot be recovered under operational debt: NCLAT

Dues on the listing fees against a company are 'regulatory dues' in nature and cannot be recovered under 'operational debt' through insolvency proceedings, said the National Company Law Appellate Tribunal (NCLAT) while dismissing an appeal by stock exchange BSE. 
Justice Anant Bijay Singh Shreesha Merla Plastic Ltd Stock Exchange Of Bombay National Company Law Tribunal Kosha Cubidor Containers Ltd

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