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Companies Law - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Recall of Order - Creditor’s Winding-up Petition u/s ...


Court Rules Workmen's Input Not Required at First Motion of Winding-Up Petition Under Companies Act 1956.

August 19, 2013

Case Laws     Companies Law     HC

Recall of Order - Creditor’s Winding-up Petition u/s 433(e)/434(1)(a)/439 of the Companies Act, 1956 – It was not obligatory for the court to hear the workmen at the first motion stage, for which there was no provision in the Act or the Rules and that the concerns of the workmen may be addressed at the meeting of the secured creditors or at the second motion stage - HC

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