https://www.taxtmi.com/news?id=20585 Government petitioned the tribunal alleging affairs of the holding company and group were conducted prejudicial to public interest, leading to suspension of the existing board and prohibition on its members representing the company. The tribunal approved induction of six government recommended directors; the Government issued orders appointing them. The new Board is tasked with preparing a robust, time bound resolution plan and assuming governance responsibilities after completion of due procedures. en-us Mon, 01 Oct 2018 18:50:59 +0530 Mon, 01 Oct 2018 18:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20585 Government petitioned the tribunal alleging affairs of the holding company and group were conducted prejudicial to public interest, leading to suspension of the existing board and prohibition on its members representing the company. The tribunal approved induction of six government recommended directors; the Government issued orders appointing them. The new Board is tasked with preparing a robust, time bound resolution plan and assuming governance responsibilities after completion of due procedures. News - Mon, 01 Oct 2018 18:50:59 +0530 https://www.taxtmi.com/news?id=20585