Supreme Court restricts asset freezing under Section 241 of the Companies Act: Usha Ananthasubramanian vs. Union of India (2020)

/ Companies Act, 2013, Companies Act, 2013 with Section 241, Companies Act, 2013 with Section 337, Companies Act, 2013 with Section 339, Judges, R.F. Nariman, S. Ravindra Bhat, V. Ramasubramanian

Supreme Court Restricts Asset Freezing Under Companies Act: Usha Ananthasubramanian vs. Union of India (2020) LEGAL ISSUE: Whether the National Company Law Tribunal (NCLT) can freeze the assets of a person under Section 241 of the Companies Act, 2013, for alleged mismanagement in a company other than the one they are directly associated with. CASE […]

Supreme Court restricts asset freezing under Section 241 of the Companies Act: Usha Ananthasubramanian vs. Union of India (2020) Read Post »