COMPANY LAW : NCLT by impugned order held that where R1 company was a promoter of National Stock Exchange Limited (NSEL) and directors/KMP of R1 company who were on board of NSEL failed in exercising due diligence in trading in forward contracts, which resulted in suspension of trade in NSEL, appointment of government nominees on Board of R1 company was to be ordered
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194202/nclat-dismisses-plea-to-suspend-board-of-‘63-moons-technologies-ltd’-under-cos-act.aspx
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