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NCLT APPROVES VISTARA AND AIR INDIA MERGER, ENABLING INTEGRATION PROCESS

Why in the news? The National Company Law Tribunal (NCLT) has sanctioned the merger of Vistara with Air India. The merger allows a nine-month timeframe for the dissolution of Vistara. About The National Company Law Tribunal (NCLT): Quasi-judicial body: Adjudicates corporate law matters in India. Establishment: Replaced Company Law Board and BIFR; recommended by Eradi …

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