TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 258: creditor decisions on sick company revival, winding up, and administrator appointment under Companies Act, 2013</h1> Section 258 of the Companies Act, 2013, now omitted by the Insolvency and Bankruptcy Code, 2016, previously governed the Tribunal's decision-making upon considering the interim administrator's report on a sick company. If creditors holding three-fourths in value of the outstanding debt resolved that revival was not possible, the Tribunal was required to record this opinion and initiate winding-up proceedings. Alternatively, if revival was considered feasible through specific measures, the Tribunal had to appoint a company administrator to prepare a revival and rehabilitation scheme, with discretion to appoint the interim administrator as the company administrator.
TaxTMI 
TaxTMI 
