Examining the Grounds for Appointment of Receiver by NCLT in Cases of Corporate Mismanagement
The appointment of an administrator or receiver in a company represents a significant judicial intervention, typically reserved for situations where the company’s affairs are in disarray, threatening its continued existence or the interests of its stakeholders. This measure is primarily undertaken to preserve the company’s assets, ensure its continuity as a going concern, and safeguard the rights of both shareholders […]
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