Advocate Sushila
SUPREME COURT HOLDS PROMOTER INELIGIBLE TO PROPOSE COMPROMISE OR ARRANGEMENT DURING LIQUIDATION OF COMPANY
Advocate Sushila Ram 19 Mar 2021

SUPREME COURT HOLDS PROMOTER INELIGIBLE TO PROPOSE COMPROMISE OR ARRANGEMENT DURING LIQUIDATION OF COMPANY

The #SupremeCourt has in a recent case of Arun Kumar Jagatramka vs Jindal Steel and Power Ltd. & Anr. passed a Judgment dated 15-03-2021 and decided upon the issue whether a person who is #ineligible to submit a #resolutionplan under Section 29A of the #InsolvencyandBankruptcy Code 2016 (the Code) is also barred from proposing a scheme of #compromise and #arrangement under Section 230 of the #CompaniesAct 2013.


To read more, please visit the link below:


https://theindianlawyer.in/supreme-court-holds-promoter-ineligible-to-propose-compromise-or-arrangement-during-liquidation-of-company/


#supremecourt #promoter #compromise #arrangement #insolvencyandbankruptcy #companiesact

Did you find this write up useful? YES 0 NO 0
New Members view all

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com