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Companies Law - Highlights / Catch Notes

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Oppression and Mismanagement - once the Company against which ...


Appellant's Claims of Mismanagement Moot as Company Enters Insolvency Process; Control Moves to Interim Resolution Professional.

December 27, 2023

Case Laws     Companies Law     AT

Oppression and Mismanagement - once the Company against which the aforesaid application has been filed by the appellant on the allegation that there is mismanagement in the company and fraud has been played by the persons in control of the company, has gone into CIRP and, moratorium is imposed on Section 14 and the reins of the Companies are handed over to the IRP, the present application by itself does not survive as no relief be granted in the said application. - AT

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