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IBC - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Corporate Insolvency Resolution Process - the Company has right ...


Companies Can Override Board Powers in Meetings per Section 179(3) During Insolvency Process.

August 23, 2018

Case Laws     Insolvency and Bankruptcy     AT

Corporate Insolvency Resolution Process - the Company has right in the general meeting to impose restrictions and conditions which will prevail over the powers of the Board as specified in sub-section (3) of Section 179.

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