Home Case Index All Cases Companies Law Companies Law + AT Companies Law - 2019 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (8) TMI 1744 - AT - Companies LawPermission to sell or alienate the movable properties with regard to 82 Red Entities to keep them as a going concern - HELD THAT:- We are not expressing any opinion with regard to Red Entities which are going concern. If any movable asset is required to be sold/ transferred, it will be open to the Board of Directors for taking permission of Hon’ble Justice Shri D.K. Jain, Former Judge of Supreme Court, as observed on 08.08.2019. We make it clear that the Interim Order passed on 08.08.2019 will not come in the way of Red Entities to pay salary of its Employees/ Workman, Officers and Operational creditors to keep the Red Entities going concern. Application disposed off.
|