Charges against Company Must Pass through Provisional Liquidator not through Resigned Chairman: Delhi HC [Read Order]
As per Section 457 of the Companies Act, 1956 (as was then applicable), it is only the Provisional Liquidator or person authorised by the Provisional Liquidator, who could represent the Company in the trial
By Navasree A.M - On March 6, 2024 4:50 pm - 2 mins read
The Delhi High Court determined that the representation of the company in the case must be undertaken by the Provisional Liquidator rather than the former chairman who had resigned. However, the charges framed against the petitioner in his individual capacity have not been interfered with by the Court. A petition was filed under Section 482…
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