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NCLAT upholds NCLT fine of ₹10 lakh on Hewlett Packard Enterprise India over 2017 loan to co-subsidiary

Published: August 30, 2023

The Chennai bench of the NCLAT has dismissed an appeal by Hewlett Packard Enterprise India Private Limited (HPE India) challenging a ₹10 lakh compounding fee imposed for non-compliance with Section 185, Companies Act.

Source: barandbench.com

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