Section 261 of CA 2013 : Section 261: Scheme Of Revival And Rehabilitation
CA 2013
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Explanation using Example
An example of the application of the now omitted Section 261 of The Companies Act, 2013, before it was repealed on November 15, 2016, could be as follows:
Imagine a company named 'Quality Textiles Limited' was facing severe financial difficulties and was on the verge of bankruptcy. To avoid liquidation and save the business, the company's management could have proposed a scheme under the provisions of Section 261 for revival an...
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