Binding effect of sanctioned scheme binds the sick company, transferee, employees, shareholders, creditors and guarantors to the plan. The sanctioned revival scheme binds the sick company and the transferee or other company, and also binds employees, shareholders, creditors and guarantors ... Summary
Binding effect of sanctioned scheme binds the sick company, transferee, employees, shareholders, creditors and guarantors to the plan.
The sanctioned revival scheme binds the sick company and the transferee or other company, and also binds employees, shareholders, creditors and guarantors from the date the scheme or its provisions come into operation.
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