Section 263 - Omitted - Companies Act, 2013

1 [***] ******************** Notes:- 1. As Omitted vide Insolvency and Bankruptcy Code, 2016, ELEVENTH SCHEDULE, before it was read as, Scheme to be binding 263. On and from the date of the coming into operation of the sanctioned scheme or any provision thereof, the scheme or such provision shall be binding on the sick company and the transferee company or, as the case may be, the other company and also on the employees, shareholders, creditors and guarantors of the said companies.