What does the cryptic crossword clue "Institution claims after losing case against company (7)" mean?

The definition is "Institution". The wordplay uses a deletion. CO (synonym="company") + LLEGE (synonym="LLEGE") = COLLEGE; definition: "Institution" The answer is COLLEGE.

Institution claims after losing case against company (7)

Times Cryptic #28955 | 11 Across | 2024-06-28 flower

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