Non-compliances and irregularities or any illegal act already committed by the Company cannot ratified under umbrella of Scheme of Arrangements
Last updated: 03 December 2022
Court :
NCLAT
Brief :
The non-compliances and irregularities or any illegal act already committed by the company cannot be ratified under the umbrella of "Scheme of Arrangements" as envisaged under Section 230-232 of the Companies Act, 2013.
Citation :
Ashish O. Lalpuria (Appellant) vs. Kumaka IndustriesLtd. & Ors. (Respondents)- Dated: 20.10.2020[NCLAT]
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 233
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