NCLT allows one more opportunity to respondent-directors to protect interests of shareholders and to revive Co.

COMPANY LAW : Where pursuant to investigation by SFIO into affairs of respondent company, NCLT suspended its existing board of directors and directed Central Government to appoint nominee directors, but, nominee directors were unable to run affairs of respondent company, thus, they filed an application to wind up respondent company, since, passing of winding up order is civil death of company, in order to protect interest of shareholders of company,

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