Tribunal power to call periodic information enables oversight of company steps to restore net worth or repay debts. Section 424J empowers the Tribunal, on a reference under section 424A, to require the company to furnish periodic information regarding measures taken to restore net worth or to repay the debts referred in the reference, obliging the company to supply updates on steps, progress and plans related to revival and rehabilitation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tribunal power to call periodic information enables oversight of company steps to restore net worth or repay debts.
Section 424J empowers the Tribunal, on a reference under section 424A, to require the company to furnish periodic information regarding measures taken to restore net worth or to repay the debts referred in the reference, obliging the company to supply updates on steps, progress and plans related to revival and rehabilitation.
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