In an appeal decided by NCLAT in the Economy Hotels case, a division bench of Justice Venugopal M. and Kanthi Narahari pronounced that capital reduction as per sec.66 of the Companies Act is a domestic concern of a corporate entity and hence, a Tribunal will not intervene on the ground that a majority decision is the one which should be considered.
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NCLAT: SHARE CAPITAL REDUCTION IS A DOMESTIC CONCERN OF A FIRM
In an appeal decided by NCLAT in the Economy Hotels case, a division bench of Justice Venugopal M. and Kanthi Narahari pronounced that capital reduction as per sec.66 of the Companies Act is a domestic concern of a corporate entity and hence, a Tribunal will not intervene on the ground that a majority decision is […]