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Companies Law - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Challenge to NCLT against striking off of companies - grievance ...

Companies Law

August 3, 2023

Challenge to NCLT against striking off of companies - grievance of the petitioners is that despite having been struck off, the shell companies have been transacting with shares of the petitioner, thereby adversely affecting the commercial interests of the petitioner - If the companies-in-question are revived under Section 252 of the 2013 Act after having been struck off initially, there is no bar on the said companies to carry on functioning. - HC

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