NCLAT held that trademark hypothecated for higher amount and subsequently assigned for lower not undervalued transaction
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that trademark hypothecated for higher amount and subsequently assigned for lower not undervalued transaction. All three objections have been maintained by the Adjudicating Authority holding that all deeds executed between Respondent No. 1 and the Appellant were void and illegal,…
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