Whether a petition seeking an investigation in the affairs of a company made under Sec.237(b) of the company's act can continue inspite of an application of the company pending before BIFR to declare the company as SICK under Sec15 of the SICA act..
Gopal (CEO) (89 Points)
05 September 2009Whether a petition seeking an investigation in the affairs of a company made under Sec.237(b) of the company's act can continue inspite of an application of the company pending before BIFR to declare the company as SICK under Sec15 of the SICA act..
Yes, because BIFR has not yet declared the company as sick company.
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