Section - 424I - Direction not to dispose of assets
Direction not to dispose of assets.424-I. The Tribunal may, if it is of opinion, that any direction is necessary in the interest of the sick industrial company or creditors or shareholders or in the public interest, by order, direct such company not to dispose of, except with the prior approval of the Tribunal, any of its assets during the period of inquiry under or during the period of preparation or consideration of the scheme under .
Inquiry into working of sick industrial companies.424B. (1) The Tribunal may make such inquiry as it may deem fit for determining whether any industrial company has become a sick industrial company— (a) upon receipt of a reference with respect to such company under ; or (b) upon information received with respect to such co .... To read the full section download the app from Google Play store
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