https://www.taxtmi.com/caselaws?id=295948 Directors facing disqualification sought relief under the Companies Fresh Start Scheme, 2020. The court clarified that disqualified directors acting as promoters could nominate directors under Section 167(3) of the Companies Act, 2013, to benefit from the Scheme. The court advised the petitioners to follow this procedure and found it unnecessary to issue further directions. The petitioners were allowed to nominate directors and pursue relief under the Scheme without additional court intervention, with further questions to be addressed after the respondents' response. en-us Tue, 22 Sep 2020 00:00:00 +0530 Sat, 26 Jun 2021 06:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295948 Directors facing disqualification sought relief under the Companies Fresh Start Scheme, 2020. The court clarified that disqualified directors acting as promoters could nominate directors under Section 167(3) of the Companies Act, 2013, to benefit from the Scheme. The court advised the petitioners to follow this procedure and found it unnecessary to issue further directions. The petitioners were allowed to nominate directors and pursue relief under the Scheme without additional court intervention, with further questions to be addressed after the respondents' response. Case-Laws Companies Law Tue, 22 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295948