NCLT imposes Rs. 1 Crore penalty on the Wave Megacity Centre Pvt. Ltd. on filing CIRP under Section 10 of IBC, 2016 to play fraud on thousands of Home Buyers, Noida Authority, Government Authorities etc. and directs the Central Government to make necessary investigation into the affairs of the Corporate Debtor – Mr. Rakesh Taneja & Others Vs. Wave Megacity Centre Pvt. Ltd. – NCLT Principal Bench

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