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1 - 10 of 15 (0.24 seconds)Section 204 in The Companies Act, 1956 [Entire Act]
Section 217 in The Companies Act, 1956 [Entire Act]
Section 230 in The Companies Act, 1956 [Entire Act]
Vijay Kumar Jain vs Standard Chartered Bank on 31 January, 2019
e) This therefore, prima facie, indicates that the IBC and the Regulations
made thereunder are anxious to protect the information leak on the
valuation of the corporate assets both by the Resolution Professional
or by the liquidator, even though they may have a role at different
stages of a corporate insolvency proceeding, with the latter becoming
necessary only when the former fails. (Here the two authorities which
the petitioner has relied on in Vijayakumar Jain case and Hemant
Shantilal case do not seem to authorise sharing of valuation report to
the potential purchasers. Any way this may have to be considered
only by the IBBI, but it depends on its jurisdiction to issue the
impugned show cause notice, which is dealt with in the next section of
this order).