Investigations pending against one of the merging companies - Whether CIRP be rejected
Last updated: 14 January 2023
Court :
NCLAT
Brief :
These appeals arise out of common order passed by the NCLT Bengaluru Bench (hereinafter referred to as ‘Tribunal') by virtue whereof the Tribunal declined to sanction the scheme of demerger on the ground that several issues were pending finalization and certain investigations were pending in relation to the business of the demerged company.
Citation :
Company Appeal (AT) No. 04 of 2019
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 346
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