Question
Under which circumstances can the Tribunal order a
meeting of creditors or members of a company for compromise or arrangement?Solution
Companies Act Section 230. Power to compromise or make arrangements with creditors and members: (1) Where a compromise or arrangement is proposed— (a) between a company and its creditors or any class of them; or (b) between a company and its members or any class of them, the Tribunal may, on the application of the company or of any creditor or member of the company, or in the case of a company which is being wound up, of the liquidator appointed under this Act or under the Insolvency and Bankruptcy Code, 2016, as the case may be, order a meeting of the creditors or class of creditors, or of the members or class of members, as the case may be, to be called, held and conducted in such manner as the Tribunal directs.
Jolingkong Lake of Uttarakhand is also Known as __________________ .
The Passenger – India Book is written by?
Repo facility is to be used in emergency situation when inter-bank liquidity is dried up.Â
Corporate governance involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financi...
Which River originates in Haryana and disappears in the Thar Desert?
If HORSE = IQUWJ, then TIGER = ?Â
Biju Patnaik International Airport is situated at
In India, Small Finance Banks maximum can grant loan size in capital funds to single borrower not more than what percent?
Match the List-I with List-II and select the correct answer from the codes given below:
Which Indian state celebrates Jamai Sashti, a festival honoring sons-in-law?