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Hindustan Oil Exploration Company’s appeal to gain control of the interest in Kharsang Oil Field dismissed by the Supreme Court
The previous two appeals too were dismissed by NCLT in December 2020 and earlier in February 2020. Listed oil company, Hindustan Oil Exploration Company (HOEC)’s attempt to jeopardize implementation of the Resolution Plan completed in Sept 2020 was struck down by the Supreme Court on January 28, 2021. HOEC’s appeal…