The Chamber of Tax Consultants – January 2022 - MMJC

This covers the following cases:

1. An interesting case in which Independent Directors penalised for not being vigilant members of audit committee and board.
2. Change in the secured creditors does not lead to a change in the scheme of the company and that if the company application has been made prior to such change the NCLT shall not direct the company to go back to square one and file a fresh application due to change in creditors during the process of the amalgamation.

For a detailed case law summary please click here