Tuesday, 21 April 2015

HC couldn’t reject winding up plea just because trustee of bondholders didn’t agree to debt restrict

CL: Where winding up petitioner providing trusteeship service to bondholders of respondent-company rejected scheme proposed by respondent-company for securing debt due to bondholder it was to be held that petitioner was trying to protect interest of bondholders and, hence, winding up petition filed by it was to be admitted

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