Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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[S. 252(3) Of Companies Act] Company Cannot Be Revived In Absence Of Substantial Investment Reflected In Balance Sheet: NCLT Chandigarh
Corporate Law & GovernanceFinancial Management
The NCLT Chandigarh has ruled that a company "can't be revived under Section 252(3) of the Companies Act" if there is "no substantial investment reflected in its balance sheet." The tribunal's decision clarifies a key procedural aspect of company law. The ruling reinforces the principle that a company cannot be revived if it is not financially stable.
