Whether a petition seeking an investigation in the affairs of a company made under Sec.237(b) of the company's act can continue inspite of an application of the company pending before BIFR to declare the company as SICK under Sec15 of the SICA act..
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Investigation in the affairs of a company
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Yes, because BIFR has not yet declared the company as sick company.
If you need further clarification than contact me.
Ankur Shah (Practicing Company Secretary)
“Guru Gautam” Bungalow, Inside Parshwa Tower,
Nr. Shyamal Cross Road, 132ft. Ring Road,
Satellite, Ahmedabad – 15
Contact: + 91-9427633901
E-mail: ankurjewel @ gmail.com
Blog: csankur.blogspot.com
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