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    Jurisdiction of Company Court only applicable to parties in Scheme of Arrangement
    2016-03-17

    Delhi High Court has rejected the plea that the Company Court must exercise its jurisdiction to supervise the Scheme of Arrangements, to evict tenants of premises which are not owned by the company. Winding up proceedings were initiated against the company and with a view to realize assets Scheme of Arrangements was accepted by the court. During the pendency of the winding up proceedings and before the sanctioning of the Scheme by the Court, dues of all creditors were settled.

    Filed under:
    India, Company & Commercial, Insolvency & Restructuring, Litigation, Lakshmikumaran & Sridharan Attorneys, Delhi High Court
    Location:
    India
    Firm:
    Lakshmikumaran & Sridharan Attorneys

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