Petition filed before Madras HC challenging Validity of S. 230 Scheme Process for Corporate Debtors undergoing Liquidation Proceedings [Read Petition]

By Taxscan Team - On March 24, 2022 11:01 am - 2 mins read
Madras HC - Scheme Process - Corporate Debtors - Liquidation Proceedings - taxscan

A writ petition has been filed before the Madras High Court challenging the validity of section 230 of the Companies Act, 2013 read with Regulation 2B of IBBI (Liquidation Process) scheme process for Corporate Debtors undergoing the liquidation proceedings. The petition sought to declare the Application of Section 230 of the Companies Act, 2013 read…

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