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[Cites 0, Cited by 0] [Section 253] [Entire Act]

Union of India - Subsection

Section 253(6) in The Companies Act, 2013

(6)Where an application under sub-section (1) or sub-section (4) has been filed,—
(a)the company shall not dispose of or otherwise enter into any obligation with regard to, its properties or assets except as required in the normal course of business;
(b)the Board of Directors shall not take any steps likely to prejudice the interests of the creditors.