Application for directions clarifies Tribunal procedure when reconstruction or amalgamation issues cannot be resolved in a sanction petition. Where a compromise or arrangement is proposed in connection with reconstruction or amalgamation and related matters cannot be adequately dealt with on the sanction petition, an application for directions must be made to the Tribunal under section 232 by a notice of admission supported by an affidavit; the manner and persons to be served with such notice are to be directed by the Tribunal.
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.
Application for directions clarifies Tribunal procedure when reconstruction or amalgamation issues cannot be resolved in a sanction petition.
Where a compromise or arrangement is proposed in connection with reconstruction or amalgamation and related matters cannot be adequately dealt with on the sanction petition, an application for directions must be made to the Tribunal under section 232 by a notice of admission supported by an affidavit; the manner and persons to be served with such notice are to be directed by the Tribunal.
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