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Companies Law - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Financial ill-health of the company - there is danger of the ...


Provisional Liquidator Appointed to Protect Assets of Financially Distressed Company from Risk of Transfer or Alienation.

September 1, 2012

Case Laws     Companies Law     HC

Financial ill-health of the company - there is danger of the properties of the respondent-company being transferred/alienated. It would thus be expedient to appoint a provisional liquidator to protect the assets of the company which appear to be in a jeopardy - HC

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