Friday, 4 October 2013

HC directs symbolic possession of property as co. convicted of siphoning of funds to avoid overdue p

CL : Where company made false representations to shareholders and BSE, and siphoned away moneys received on sale of one of its substantial division, with sole intention of avoiding repayment of overdue bonds, provisional liquidator was to be appointed to take symbolic possession of properties and documents


No comments:

Post a Comment