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Demerger of a listed company

(Querist) 13 March 2012 This query is : Resolved 
Kindly suggest if a listed company can file a De-merger application in the company court if there are civil suits pending in the court to the tune of a CR,wonder how court can allow such companies please comment
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Raj Kumar Makkad (Expert) 13 March 2012
De-merger application on behalf of such company cannot be entertained.

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