Scheme exclusion: specified companies-listed, investigatory subjects, secured creditors, deposit defaulters and dues-bound firms are ineligible. The Easy Exit Scheme, 2010 excludes specific classes of companies from its relief: listed companies; nonprofit companies; vanishing companies; companies subject to inspection or investigation or related prosecutions; companies with statutory orders or stayed filings; companies facing non compoundable prosecutions; companies with outstanding or defaulted public deposits; companies with secured loans; companies with management disputes; and companies having dues to tax authorities, banks, financial institutions, or other government departments or authorities.
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.
Scheme exclusion: specified companies-listed, investigatory subjects, secured creditors, deposit defaulters and dues-bound firms are ineligible.
The Easy Exit Scheme, 2010 excludes specific classes of companies from its relief: listed companies; nonprofit companies; vanishing companies; companies subject to inspection or investigation or related prosecutions; companies with statutory orders or stayed filings; companies facing non compoundable prosecutions; companies with outstanding or defaulted public deposits; companies with secured loans; companies with management disputes; and companies having dues to tax authorities, banks, financial institutions, or other government departments or authorities.
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