https://www.taxtmi.com/acts?id=15691 Appointment of an interim administrator follows an application for corporate revival; the Tribunal must appoint the administrator to convene a creditors' meeting, assess the draft scheme and other materials, report within a prescribed period, and follow directions to protect assets and proper management. If no draft scheme is filed and declared by the board, the Tribunal may direct the interim administrator to take over management, and directors and management must cooperate with the interim administrator. en-us Thu, 22 Dec 2011 17:01:30 +0530 Thu, 22 Dec 2011 17:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15691 Appointment of an interim administrator follows an application for corporate revival; the Tribunal must appoint the administrator to convene a creditors' meeting, assess the draft scheme and other materials, report within a prescribed period, and follow directions to protect assets and proper management. If no draft scheme is filed and declared by the board, the Tribunal may direct the interim administrator to take over management, and directors and management must cooperate with the interim administrator. Act-Rules Bills Thu, 22 Dec 2011 17:01:30 +0530 https://www.taxtmi.com/acts?id=15691